Enron Mail

From:1.14166227.-2@multexinvestornetwork.com
To:chris.dorland@enron.com
Subject:January 15, 2002 - Enron's impact spills over
Cc:
Bcc:
Date:Mon, 14 Jan 2002 22:29:29 -0800 (PST)


In today's edition of the Daily Update, chartered financial analyst Rick
Wayman forewarns investors of issues to watch for this earnings season,
with a special nod to the folks at Enron, whose off-balance sheet
shenanigans have brought that heretofore benign footnote into focus.

Also, eMarketer senior analyst Steve Butler reviews news from Europe
that may reflect a fundamental shift in e-business technology spending.

Finally, members like you can read Morgan Stanley's glowing report on
Qualcomm (QCOM) by registering for the firm's free research trial. See
more details below or go directly to our site and click the Morgan Stanley
tile on the screen to register.

You can link directly to our research page, which features synopses
of broker and free reports, by clicking here:
http://www.multexinvestor.com/article.asp?docid=5981&;nd=0115

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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
The spillover from Enron
New issues to watch for this earnings season

By Rick Wayman, CFA

This earnings season should prove to be especially interesting not only
because of what the bottom lines may indicate, but also because of the
"spin" that companies will be using. There are several key factors that
will impact earnings in 4Q01 and fiscal year 2001 and seeing how
management will spin these factors should be a learning experience.

To cut through the spin, investors will need to be especially focused on
margins, both gross and operating, and footnotes. The impact will vary
among companies (even in the same sector) depending on their
accounting policies.

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=5977&;nd=0115


2. INVESTMENT IDEAS
Europe: E-business leader?
How do results from SAP (SAP) reflect world markets for e-business
applications?

By Steve Butler, senior analyst, eMarketer

Leading enterprise and e-business software maker SAP (SAP) surprised
many technology industry observers last week with its preliminary
announcement of strong fourth quarter software license sales. Revenues
for the quarter were expected to exceed 1 billion euro, contributing to
SAP's annual revenue growth of 16 percent for 2001.

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=5983&;nd=0115


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


1. INVESTORS' CHOICE: 3-DAY FAVORITE
Crowell, Weedon, & Co. publishes its January recommendation list.

In the report, the firm offers a page of general market commentary
and then lists its recommendations which include 8 income stocks,
16
established growth companies, 2 aggressive growth names, and 2
special situation stocks. (3-page report for purchase - $10)
http://www.multexinvestor.com/download.asp?docid=25916323&;nd=0115


2. TODAY'S SPECIAL REPORT
CIBC World Markets discusses the near- and long-term prospects for
wireless 'Net tech firms.

CIBC provides fundamental analysis and earnings coverage for the
broader space and individual companies including 724 Solutions
(SVNX), Aether (AETH), AvantGo (AVGO), OpenWave (OPWV),
Glenayre (GEMS), and Handspring (HAND). (17-page report for
purchase - $50)
http://www.multexinvestor.com/download.asp?docid=25939324&;nd=0115


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=0115


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=0115


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=0115


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


1. ASK THE ANALYST
Rabbitt Analytics's Paul Rabbitt discusses the kind of stocks investors
should own going forward.

Predicting broad market improvement over the next 6-12 months, Rabbitt
explains why he believes investors' focus should now be on economically
sensitive stocks. What sectors does he suggest? Ask him questions on
this topic until Thurs., Jan. 17.
http://www.multexinvestor.com/AskTheAnalystForm.asp?&;nd=0115

Find the right stocks to own in this market. Get Rabbitt's Daily
Rankings for Free. Click here
http://www.rabbittanalytics.com/signup_multex3.asp


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=0115



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


1. FREE RESEARCH REPORT
Lehman Brothers discusses the prospects for electric utility
stocks.

In the report, a sector summary and investment conclusion,
forward-looking commentary, identification of companies the firm finds
attractive, charts, graphs, and more. This 16-page report, which usually
sells for $50, is free to members for the next 72 hours.
http://www.multexinvestor.com/download.asp?docid=25933432&;nd=0115


2. DAILY FREE SPONSOR REPORT
Morgan Stanley sets a $90 price target on "strong buy-volatile"-rated
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The firm argues that "QCOM should be a core holding because of the
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read key investment strengths and risks associated with this stock,
as well as many others.
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