1.   HFS Inc., a hospitality company, could be among the biggest gainers after its profits trounced expectations.

2.   Hospitality companies suffered.

3.   Investors accused Marriott of fraud and claimed the hospitality company sold hotel properties for inflated prices, charged excessive management fees and presented inflated profit projections.

4.   Investors accused Marriott of fraud and claimed the hospitality company sold hotel properties for inflated prices, charged excessive management fees and presented unrealistic profit projections.