Enron Mail

From:1.14166227.-2@multexinvestornetwork.com
To:chris.dorland@enron.com
Subject:January 18, 2002 - Reader's picks: select telecom stocks
Cc:
Bcc:
Date:Thu, 17 Jan 2002 22:26:19 -0800 (PST)


In today's edition of the Daily Update, we feature the most popular
reports downloaded by our readers during the past week. Not
surprisingly, reports on telecom stocks prevailed.

Today, we also feature a piece from Dave Sterman, who discusses
telecom stocks that may have been oversold, with a particular emphasis
on the wireless sector.

We are also offering our members a chance to sign up for Morgan
Stanley's free (absolutely free) research trial with the added incentive
that the firm discusses "outperform"-rated Sprint PCS (PCS). You can
scroll down and click on the link below to get the goods on this, and
other, stocks.

Also, Charles Payne, principal analyst at Wall Street Strategies,
discusses the political and monetary maelstrom affecting stocks this
week.

You can also see the most popular tickers and sectors searched by your
peers by clicking here:
http://www.multexinvestor.com/cs_hot.asp?target=/stocks/companyinformation/analystresearch/whatshot&nd=0118

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Below
--------

- Investment ideas
- Broker and third-party research
- Online advice and chats
- Free and sponsored reports


Investment ideas
-----------------------------------------

1. INVESTMENT IDEAS
What is the market's safety net?
Reading the tea leaves of political posturing and Fed pronouncements
for hopes of a recovery

By Charles Payne, principal analyst, Wall Street Strategies

Last year, almost every week seemed to be some type of test, or
moment of truth, for the market. Here we are, only two weeks into 2002
and the market is approaching yet another moment of truth. In this case,
the market is walking a very high wire and there doesn't seem to be a net
in sight. After ascending to heights with a mix of bravado and nerve, the
market has paused long enough to look down. All the fun and excitement
that went into the effort to get the markets at their current levels is now
replaced by trepidation and concern. The market would like to find a way
to retrace the climb without tripping up completely. Beginning this week,
and going until the conclusion of the FOMC gathering, the market will
face daily tests and mini-battles that will act as individual moments of
truth. These are the times when sayings like "don't blink" or "don't fall
asleep at the wheel" come into play. This is an extremely vulnerable
market; everyone knows it, and that universally accepted truth means a
lot of folks are looking for the exits.

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=6081&;nd=0118


2. INVESTMENT IDEAS
Screening for the oversold
The market's guilt-by-association methods create buying opportunities in
telecom

By Dave Sterman, equity research columnist

Sell first, ask questions later. That's the typical investor reaction when
companies warn of a weak quarter. But in their zeal to dump weak
performers, investors often collectively conspire to send share prices
down too far. So we went looking in the telecom universe for stocks that
have taken a sharp hit because of downward guidance. Our logic: these
stocks may actually now be bargains if they've been oversold.

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=6087&;nd=0118


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Broker and third-party reports
-----------------------------------------


1. INVESTORS' CHOICE: 3-DAY FAVORITE
The 451 discusses Cisco's (CSCO) new focus on the mobile wireless
market.

This report examines IP infrastructure spending, the next-gen
Internet and network architecture layers, Cisco's strategic
alliances and mobile business customer targets, and advanced e-
services and content applications. (2-page report for purchase -
$5)
http://www.multexinvestor.com/download.asp?docid=5676705&;nd=0118


2. TODAY'S SPECIAL REPORT
Lehman Brothers explains why it sees Ma Bell as 'buy.'

Lehman takes a comprehensive look at T, with analysis of the
various parts of the company including business and consumer services,
detailed coverage of the pending broadband deal, and an overall
valuation opinion. (13-page report for purchase - $50)
http://www.multexinvestor.com/download.asp?docid=5711628&;nd=0118


3. EDITOR'S PICK: CURRENT RESEARCH FROM THE CUTTING EDGE
Stephens Inc. advises investors to keep a close eye on fundamentals
when wading into telecom.

The firm comments on reasons for the recent run-up in sector
valuation, explains why it's skeptical over a broad-based recovery in
fundamentals, comments on bandwidth pricing trends, and why it thinks
trends favor CLECs. (11-page report for purchase - $25)
http://www.multexinvestor.com/download.asp?docid=25980395&;nd=0118


4. THIRD-PARTY REVIEW
Market Edge provides access to its industry/stock analysis tool.

Investors can search for the market's strongest & weakest
performing sectors and the strongest & weakest stocks within those
sectors using Market Edge's proprietary research. Access detailed
technicals for each covered stock. (Web-based analysis for purchase -
$50)
http://www.multexinvestor.com/download.asp?docid=4253362&;nd=0118


5. WHAT'S HOT?
Robert Baird & Co. comments on leading data storage hardware and
software companies.

Baird offers half-a-page of general sector analysis, then breaks
down the sector's major players individually, including EMC (EMC),
Veritas (VRTS), QLogic (QLGC), McDATA (MCDT), Emulex (EMLX),
StorageTek (STK), and StorageNetworks (STOR). (3-page report for
purchase - $10)
http://www.multexinvestor.com/download.asp?docid=25934856&;nd=0118


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Online advice and chats
-----------------------------------------


1. ASK THE ANALYST
PowerOptionsPlus.com's Victor Schiller discusses how to insure your
equity investments.

Schiller explains how option collars provide downside protection on stock
purchases. Most individuals wouldn't drive without auto insurance--can
you afford to invest without stock insurance? Ask him questions on this
subject until Mon., Jan. 21.
http://www.multexinvestor.com/AskTheAnalystForm.asp?&;nd=0118

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2. ASK THE EXPERT
Multex.com's Alan Cohn explains some of the ways
Americans will benefit from new tax laws.

Citing aspects of new tax rules relating to individuals
over 50, education, and estate taxes, Cohn shows
how a wide range of citizens will benefit. How do the
new laws affect you? He can take your questions until
Thurs., Jan. 24. Ask the expert.
http://www.multexinvestor.com/AskTheExpertForm.asp?&;nd=0118



Free and sponsored reports
-----------------------------------------


1. FREE RESEARCH REPORT
CIBC World Markets previews Q4 earnings for major telecom service
companies.

CIBC prefaces the report by noting that Q4 earnings will be weak, but will
mark the trough for the cycle. In the report, industry and company
commentary as well as financials. This 39-page report, which usually
sells for $75, is free to members for the next 72 hours.
http://www.multexinvestor.com/download.asp?docid=25974625&;nd=0118


2. DAILY FREE SPONSOR REPORT
Morgan Stanley sets a $28 price target on "outperform"-rated Sprint PCS
(PCS).

The firm says that PCS is "one of the best-positioned companies in the
space," and outlines key investment positives and risks. Multex Investor
members like you can register for the firm's free-research trial to access
research on and other stocks.
http://www.multexinvestor.com/download.asp?docid=20980294&;sid=8&nd=0118


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Be sure to check out our other newsletters, The Internet Analyst
and The Telecomm Analyst by Multex.com. The newsletters will
inform, educate, and entertain you with usable investment data,
ideas, experts, and info about the Internet and telecommunications
sectors. To see this week's issue,
click here:
http://www.thetelecommanalyst.com/ or
http://www.theinternetanalyst.com/