In today's edition of the Daily Update, contributing editor Shannon
Swingle reports on new developments in the Internet security sector,
which has taken on greater and greater urgency.

======================== Sponsored by =========================

RETIRE OVERSEAS Live like Royalty on $14 a day. Own
an exotic beachfront getaway for $35,000. Enjoy fine dining
for $7 a person. Employ a maid or gardener for $2 a day.
Free report:

http://www.agora-inc.com/reports/il/wilvc142
==============================================================


Also, frequent contributor Dave Sterman looks at the plans big wireless
service providers have for their smaller brethren. In a word: dinner. The
investment implications are interesting to ponder.

Members can also read why Morgan Stanley is encouraged by the
outlook for Compaq (CPQ) by registering for the firm's free research
trial.

Today, as every Friday, we also feature the most popular reports
downloaded by our readers during the past 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=0111

***************************************************************
You are receiving this mail because you have registered for
Multex Investor. To unsubscribe, see bottom of this message.
***************************************************************



Below
--------

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


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

1. INVESTMENT IDEAS
Looking for security
The IT security market still looks good, but an attractive market brings
on more competition.

By Shannon Swingle, contributing editor

Though many companies in the technology sector are confronted with
crises in valuations and expectations, those focused on IT security have
great promise for growth. The volume of Internet transactions continues
to rise, making it essential for companies to maintain a secure space in
which this business can be conducted. The fallout from recent high-
profile computer viruses has hammered this point home. Now recent
reports are projecting a sizeable increase in the demand for IT security
solutions.

From its recent survey on IT security, J.P. Morgan found that companies
expect to spend 10.3 percent of their IT budgets on security next year,
compared with 7.4 percent for this year. With IT budgets expected to
expand by 2.7 percent, the firm figures that IT security spending will
grow 43 percent.

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=5855&nd=0111


======================== Sponsored by =========================

Get 10 FREE issues of Investor's Business Daily. More than just a newspaper,
Investor's Business Daily is a unique research tool designed to identify
winning stocks with insightful charts and ratings you can't find anywhere
else.This offer carries no obligation and there's nothing to cancel.

http://ibd.infostreet.com/cgi-bin/freeoffer.cgi?source=A362GGL
==============================================================


2. INVESTMENT IDEAS
Big fish, little fish
As growth in wireless slows, investment bankers may get busy

By Dave Sterman, equity research columnist

News that a few small wireless carriers just reported weak Q4 subscriber
results may seem insignificant. But it should be viewed as a defining
moment for the next phase of the wireless industry: consolidation. As
growth slows, the larger carriers appear set to gobble up the smaller
carriers in a bid to maintain growth.

The industry's structure holds the key. Big carriers such as Sprint PCS
(PCS), Nextel Communications (NXTL) and AT&T Wireless (AWE)
have entered into agreements with 'affiliates.' These affiliates are run by
entrepreneurs that got the green light to raise capital and launch service
in areas not served by their bigger counterparts. For example, Alamosa
Holdings (APS), Ubiquitel (UPCS), and Airgate PCS (PCSA) all
operate in conjunction with national player Sprint PCS. They benefit
from a national marketing plan, and get paid by the minute when callers
roam into their territorial networks.

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=5861&nd=0111



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=0111


2. TODAY'S SPECIAL REPORT
Robert Baird & Co. reviews 2001 and previews 2002 for major
wireless service companies.

The firm identifies the winners and losers from 2001 and
recommends large- and small-cap players for investment in 2002. It
looks at some of the major industry developments from last year and
discusses 2002 industry catalysts. (7-page report for purchase - $25)
http://www.multexinvestor.com/download.asp?docid=25912036&nd=0111


3. EDITOR'S PICK: CURRENT RESEARCH FROM THE CUTTING EDGE
Brown Brothers Harriman discusses numerous factors that affect
January stock performance.

BBH identifies several reasons to expect a strong January in the
market. The forecasting effect, small-cap effect, and tax-selling rebound
effect are explained. The analysts also touch on positive economic
developments. (7-page report for purchase - $25)
http://www.multexinvestor.com/download.asp?docid=25836499&nd=0111


4. THIRD-PARTY REVIEW
Kintisheff Research reports on the outlook for volatile fiber
optics concern JDS Uniphase (JDSU).

In the report, Kintisheff discusses the sector supply chain
situation, the IBM deal, and gives short- and long-term investment
opinions on JDSU. In total 5 pages of company commentary and 5
pages of detailed financials. (10-page report for purchase - $25)
http://www.multexinvestor.com/download.asp?docid=25932378&nd=0111


5. WHAT'S HOT?
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=0111


======================== 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
==============================================================


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


1. ASK THE ANALYST
Market Edge's Tom Ventresca explains why bad news can sometimes be
good news for the market.

Ventresca explains that investor sentiment tends to be an inverse
indicator for stocks. He identifies some of his favorite market indicators
and discusses his firm's sentiment index. Pose him your questions
through today Fri., Jan. 11, 5 PM ET. Ask the analyst.
http://www.multexinvestor.com/AskTheAnalystForm.asp?&nd=0111

Register to receive a FREE weekly market commentary and FREE trial!
Get unbiased, computer generated BUY-HOLD-SELL opinions on 4,700
stocks and more. No credit card needed.  Click Here
http://www.marketedge.com/multex.asp?Location=3


2. ASK THE EXPERT
Insurance.com's Ronald E. Newton is with us for one more day,
discussing life insurance coverage issues brought up by divorce.

Newton explains the importance of reviewing insurance coverage in the
midst of divorce to protect loved ones should catastrophic events occur.
Do you have all the coverage you need? Newton's He can take your
questions through tonight Thurs., Jan. 10, 5 PM ET. Ask the expert.
http://www.multexinvestor.com/AskTheExpertForm.asp?&nd=0111



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


1. FREE RESEARCH REPORT
CIBC World Markets provides its forward-looking view on
communications companies.

CIBC explains its sector optimism and why it sees fundamentals
improving. It explains the rationale for its top picks in 2002, one of
which is 'strong-buy' rated AT&T (T). This 12-page report, which
usually sells for $25, is free to members for the next 72 hours.
http://www.multexinvestor.com/download.asp?docid=25921298&nd=0111


2. DAILY FREE SPONSOR REPORT
Morgan Stanley sets a $15 price target on "outperform"-rated Compaq
(CPQ).

The firm believes that, after years of being like the boy who cried wolf,
management finally has measurable gains in restructuring, and outlines
key investment positives and risks in this report, which you can read by
registering for the firm's free-research trial.
http://www.multexinvestor.com/download.asp?docid=25444116&sid=8&nd=0111


===================================================================
Please send your questions and comments to:
mailto:investor.help@multex.com

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 the mailing list for the Daily Update, please
REPLY to THIS email message with the word UNSUBSCRIBE in the subject
line. To remove yourself from all Multex Investor mailings, including
the Daily Update and The Internet Analyst, please respond with the
words NO EMAIL in the subject line.

You may also unsubscribe on the account update page at:
http://www.multexinvestor.com/edituinfo.asp

===================================================================
Please email advertising inquiries to us at:
mailto:advertise@multex.com.

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/