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TODAY: Telecom equipment companies, long given up for dead, are
enjoying a recommendation renaissance, and one formerly dead DSL provider, Covad (COVD), is back with a vengeance. The question, says frequent contributor Dave Sterman, is whether it can ever turn a profit. Our top 10 most recommended list has a couple of newcomers, and Morgan Stanley discusses the key investment strengths and risks of Motorola (MOT), in a report which you can get for free as a Multex Investor member by registering for the firm's free research trial. See details below. ======================== Sponsored by ========================= Buyback Guru Sells 4 Stocks, Locks in +46.8% in 3 Months! David Fried knows a stock is undervalued when the company buys back its shares. Thats how he locked in a whopping +46.8% in three short months! "Buy these 6 tech buybacks today," Fried says. Get them with a FREE 30-day trial: http://www.investools.com/c/go/BACK/MTEX3A-backTY1 ============================================================== Below --------- Investment ideas Broker reports Top 10 Free and sponsored reports ============================================================== Investment ideas ----------------------------------------- 1. Upward revisions: Analysts see brighter earnings picture for three equipment companies In an uncertain market, analysts seem sure about the earnings potential of these companies by John Filar Atwood, equity research columnist The reduction in capital spending by major carriers has weighed on telecom equipment stock performance in recent months, and threatens to do so throughout 2002. The consensus estimate now appears to be a 26 percent drop in carrier capital expenditures in 2002 resulting in a 23 percent decline in aggregate revenues for the equipment group. Click here to read more. http://www.thetelecommanalyst.com/article.asp?docid=6434&;nd=0129 2. Horror story: Covad is back from the dead The company's rebirth is miraculous. But there's a problem: No one knows if it can still make money. By Dave Sterman, equity research analyst The demise of NorthPoint Communications, Rhythms NetConnections, and Covad Communications (COVD) in 2001 seemed to spell the end of the data local exchange carrier (DLEC) sector. Investors were left to conclude that the DSL industry would now reside squarely in the hands of the regional Bell operating companies (RBOCs), such as Verizon (VZ), SBC (SBC), Qwest (Q), and BellSouth (BLS). But to the surprise of many, one DLEC, Covad, has emerged from the ashes to fight another day. At least one analyst thinks the company is poised to get it right this time. Click here to read more. http://www.thetelecommanalyst.com/article.asp?docid=6320&;nd=0129 3. Good values: A tale of two values This pair of wireless infrastructure stocks offers long-term growth-- don't let the prices fool you By Ben Mattlin, equity research columnist Over the past two years, as the market's become more challenging, investors are learning to be more selective than they used to be. Rather than seizing momentum and growth, which worked well in the '90s, successful investors are adopting a value orientation. But which discounted stocks represent true value and which are inexpensive simply because the company they symbolize is no good? In telecom, where most stocks have gotten hammered, it can be especially difficult to distinguish between duds bargains. Click here to read more. http://www.thetelecommanalyst.com/article.asp?docid=6198&;nd=0129 4. Fishin' chips: Consolidation and content Wireless semiconductor stocks wrestle for share of a shrinking market By Dave Sterman, equity research columnist As we saw in the IPO market in recent years, fast-growing industries attracted a number of new players. But now that those industries have matured, growth has slowed and many smaller players are looking to merge in order to compete against the top tier players. As we noted a few weeks ago, wireless service providers in particular look set to engage in a merger orgy. It now appears that the same could be said for the wireless semiconductor industry. As growth in wireless handset sales has slowed, chip vendors are also looking to march down the aisle. In mid-December, Alpha Industries (AHAA) and Conexant (CNXT) announced plans to merge their wireless chip divisions. And more deals may emerge in the months to come. "We wouldn't be surprised to see additional activity as companies work to reach critical mass at a much higher level than in the past," says CIBC's Dale Pfau. Many players added factory capacity just as the industry slowed. Click here to read more. http://www.thetelecommanalyst.com/article.asp?docid=6239&;nd=0129 ======================== Sponsored by ========================= Scottrade rated #1 Brokerage by Kiplinger's Personal Finance. Visit Scottrade.com NOW to learn more! With top-rated service through 146 offices and competitive pricing with $7 trades, choose Scottrade as your broker! Scottrade offers 8200 Mutual Funds with NO TRANSACTION FEES, no fee IRAS, no inactivity fees and $25,000,000 in account protection. http://www.scottrade.com/index.asp?supbid=5454 ============================================================== Broker reports ----------------------------------------- 1. WHAT'S HOT?: Wireless profits Alltel (AT) beat the firm's fourth quarter estimates of $0.74 by a penny a share, thanks to a strong performance from the group's wireless unit, which showed surprising strength in ARPU and margins. (2-page report for purchase - $10) Click here. http://www.thetelecommanalyst.com/download.asp?docid=26087201&;nd=0129 2. SPECIAL REPORT: Cellular signals Predicting "mixed results" in Q1 2002, CIBC explains when the outlook should improve. Top picks are named in components, infrastructure, and handset manufacturers. Discussion of handset sales and subscriber trends. 24 exhibits. (29-page report for purchase - $75) Click here. http://www.thetelecommanalyst.com/download.asp?docid=25996183&;nd=0129 ======================== Sponsored by ========================= It's here! The Multex Investor Toolbar Now you can get broker research, quotes, charts and company information from anywhere on the Web. http://www.athoc.com/wis/activate/activate.asp?pid=10279&;mktmsg=JA1 ============================================================== Free and sponsored reports ----------------------------------------- 1. FREE RESEARCH REPORT: Qualcomm (QCOM) is a CDMA pure play The firm explains why QCOM is its preferred investment vehicle for playing code division multiple access (CDMA) technology, which is the core technology for 3G wireless networks--which wireless carriers plan on deploying over the course of the next several years. This five page report, which usually sells for $10, is free to Multex Investor users for the next 72 hours. Click here. http://www.thetelecommanalyst.com/download.asp?docid=26080760&;nd=0129 2. FREE SPONSOR REPORT: Morgan Stanley explains its "neutral-volatile" rating on Motorola (MOT). The firm says MOT "has the ability to become the "Intel" of telecom equipment," and lists key investment strengths and risks. Multex Investor members can register for the firm's free-research trial to access research on this and other stocks. Click here. http://www.thetelecommanalyst.com/download.asp?docid=4345572&;sid=8&nd=0129 Top 10 ----------------------------------------- Top 10: Most recommended telecommunications stocks This week's selection includes newcomers to the list ViaSat (VSAT) and CTC Communications (CPTL) Using NetScreen Pro, the professional version of Multex Investor's Net Screen, we sorted for the most recommended telecom stocks with significant analyst coverage (at least 5 in the current quarter), and sorted the result for you according to the highest average recommendation and by valuation. Click here. http://www.thetelecommanalyst.com/article.asp?docid=1502&;nd=0129 ================================================================ Click here to register at Multex Investor: http://www.multexinvestor.com/registration/regWrapA1Basic.asp Click here for The Telecomm Analyst homepage: http://www.multexinvestor.com/Analysts/HomeTTA.asp If you'd like to learn more about Multex Investor, please visit: http://www.multexinvestor.com/welcome.asp If you can't remember your password and/or your user name, click here: http://www.multexinvestor.com/lostinfo.asp If you want to update your email address, please click on the url below: http://www.multexinvestor.com/edituinfo.asp ================================================================ To remove yourself from this mailing list, please REPLY to THIS email message with the word UNSUBSCRIBE in the subject line. 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