125 Second Mortgage Bad Credit

MIVA Predicts Wider Second-Quarter Loss

FORT MYERS, Fla. (AP) - Shares of MIVA Inc. tumbled in Friday pre-market trading after the Internet marketing firm said it expects to report a wider-than-expected loss and lower revenue for the second quarter.

Shares of MIVA fell 70 cents, or 16.4 percent, to $3.55 in pre-market trading on INET, having closed Thursday at $4.25 on the Nasdaq.

Cognos 1Q Profit Slips on Higher Charges

BURLINGTON, Mass. (AP) - Canadian software maker Cognos Inc. said Friday its first-quarter profit sagged 29 percent, weighed down by higher charges.

Net income during the quarter slipped to $14.5 million, or 16 cents per share, from $20.4 million, or 22 cents per share, in the year-ago period. Excluding the amortization of acquisition-related intangible assets and a stock-based compensation charge, earnings were $19.8 million, or 22 cents per share, compared with $25 million, or 27 cents per share, in the prior-year period.

Five Lousy Financial Deals

It's probably true that many of us are much more financially savvy these days, thanks in part to the wide availablity of information on the Internet. But there are still some financial products that we seem to get conned into buying time and time again.

Here are five financial deals that Fools should avoid using like the plague:

1. Extended Warranties

Extended warranties got a bad name for being over-priced and oversold, often by pushy sales staff. Indeed, an investigation by the Compeitition Commission branded them 'unfair and uncompetitive' with some warranties costing nearly as much as half the value of the goods being covered!

Last year the government introduced legislation forcing retailers to display the cost of an extended warranty next to the price of the item to enable consumers to see at a glance just what they're paying for.

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