SHORT INTEREST IN VALLEY STOCKS

The table below lists the short interest in various Valley stocks.

In a short sale, an investor sells borrowed stock--in effect betting the price will drop--after which he can buy back the stock at a lower price and return the shares to the lender and pocket the difference. Of course, if the stock goes up in price, the short seller loses money.

Short interest is the number of shares that have been borrowed for short sales and not yet repurchased. Also listed is the average daily volume of stock traded in each company.

No. of No. of shares of shares of short short interest interest as of as of Stock Industry 1/13 12/15 % Chg NEW YORK STOCK EXCHANGE Foothill Group Financial services 327,000 335,000 -2 Glenfed S&L; holding co. 114,445 128,213 -11 Lockheed Aerospace 506,302 483,789 +5 Walt Disney Entertainment 1,346,596 1,114,451 +21 AMERICAN STOCK EXCHANGE ATI Medical Medical equipment 405,000 383,500 +6 Dataproducts Printers 48,900 4,200 +1,064 OVER-THE-COUNTER MARKET Amgen Biotechnology 503,918 40,342 +1,149 Comptr Memories Holding co. 51,892 51,323 +1 Delphi Info Sys Software 63,585 78,039 -19 HOH Water Tech Water systems 51,983 50,934 +2 Micropolis Disk drives 521,804 438,372 +19 Traditional Inds Photofinishing 659,142 522,150 +26 20th Century Inds Insurance 196,314 183,179 +7 United Education Career schools 31,400 56,788 -45

Avg. daily trading Stock volume NEW YORK STOCK EXCHANGE Foothill Group 3,547 Glenfed 41,763 Lockheed 196,263 Walt Disney 263,263 AMERICAN STOCK EXCHANGE ATI Medical 7,423 Dataproducts 123,223 OVER-THE-COUNTER MARKET Amgen 146,642 Comptr Memories 44,231 Delphi Info Sys 9,292 HOH Water Tech 10,564 Micropolis 240,853 Traditional Inds 35,703 20th Century Inds 36,580 United Education 50,567

Sources: New York, American stock exchanges; National Assn. of Securities Dealers