In today's edition of the Daily Update, frequent contributor Rick
Wayman, CFA, discusses the impact on the stock market of new FAS
rules and political infighting.

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

123% Average Returns - Even as the Dow and Nasdaq Have Slumped
Take advantage of the most powerful moneymakers on Earth and
your portfolio could double faster than you dreamed possible -
even in this market! Get all the details in this FREE report

http://www.agora-inc.com/reports/OHL/2002
==============================================================


Also, equity research columnist Dave Sterman discusses the political
climate where RBOCs are concerned, and the ultimate impact on those
stocks.

Today's selection of broker and independent research reports include
wireless telecom, semiconductors, and specialty retailing. In addition,
members can download a free Morgan Stanley report on Intimate Brands
(IBI), by registering for the firm's free research trial.

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=5798&nd=0110

***************************************************************
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
FASten your seatbelts
New accounting rules and political infighting will make for a bumpy ride
ahead

by Rick Wayman, CFA

This is going to be an interesting quarter, if not year! The stock market is
advancing like it expects a recovery in the first half of 2002, and
politicians have reverted to their pre-9/11 partisanship. Coupled with the
new accounting rules for goodwill amortization (FAS 142), this could
make for a volatile stock market in the first quarter.

The market appears ahead of itself, and there is more downside risk than
upside potential. Stocks have rallied significantly from the 9/11 lows, but
we are really only back to where we were pre-9/11. The easy money has
been made, and now economic reality poses a threat. We think the
positive economic data that was released last month will be replaced with
negative trends in the first part of 2002. This is because the discounting
that boosted sales in December stole activity from the first part of 2002.
Consequently, we expect 4Q01 profit margins (to be reported in the first
quarter of 2002) to shrink, and early 2002 sales data to show a decline.

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=5796&nd=0110


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

Tech Buyback Portfolio Posts Stellar Gains: +39.23% YTD!
David Fried knows a stock is undervalued when the company
buys back its shares. That's how he earned 39.23% YTD in
techs while the benchmark Nasdaq fell 21.82%. 'Buy these 5
techs today,' Fried says. Get them with a FREE trial:

http://www.investools.com/c/go/BACK/MTEX-backTX3
==============================================================


2. INVESTMENT IDEAS
Regulatory roadblocks loom for RBOCs
Hating Ma Bell has never gone out of style

By Dave Sterman, equity research columnist

The slowing economy has been a boon for at least one segment of the
telecom world. The Regional Bell Operating Companies (RBOCs) saw
many smaller competitors go bankrupt in 2001, and their purchasing
costs fell as telecom equipment vendors were forced to lower prices to
win business. That left management of these firms sitting in the catbird
seat as we head into 2002.

But hold the phone. Washington appears set to deliver a series of
regulatory setbacks to RBOCS such as SBC Communications (SBC),
BellSouth (BLS), Qwest Communications (Q) and Verizon (VZ).

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=5791&nd=0110



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=0110


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=0110


3. EDITOR'S PICK: CURRENT RESEARCH FROM THE CUTTING EDGE
Sun Trust Robinson Humphrey publishes a collaborative equity focus
report.

The report includes quantitative analysis and features on
electronic transaction processing, radio/TV broadcast, and individual
reports on HealthTronics (HTRN), SonicWALL (SNWL), Republic
Bancshares (REPB), and more. (40-page report for purchase - $75)
http://www.multexinvestor.com/download.asp?docid=25893163&nd=0110


4. THIRD-PARTY REVIEW
Kintisheff Research reviews activity in the optical and wireless
infrastructure equipment markets.

In the report, Kintisheff offers broad sector discussion and breaks down
Q4 sales by global region, by equipment type, percentage of sales by
individual vendors in transport, switching, routing, and wireless
infrastructure. (11-page report for purchase - $25)
http://www.multexinvestor.com/download.asp?docid=25918244&nd=0110


5. WHAT'S HOT?
RBC Capital Markets discusses beginning of 2002 softline retail
strategy.

RBC takes a look at recent performance amongst the group and the
forward-looking earnings outlook. The firm identifies 3 stocks it finds
attractive on a valuation basis, one of which is Abercrombie and Fitch
(ANF). (2-page report for purchase - $10)
http://www.multexinvestor.com/download.asp?docid=25935069&nd=0110


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

The Internet Analyst: Wall Street's daily and weekly industry outlook

Multex's The Internet Analyst features daily 'Net-industry specific
research highlights, investment ideas, analyst opinions, portfolio
strategies: http://www.multexinvestor.com/Analysts/HomeTIA.asp

To be sure you receive your TIA newsletter every week, click here:
http://www.multexinvestor.com/login.asp
==============================================================


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 until
Fri., Jan. 11. Ask the analyst.
http://www.multexinvestor.com/AskTheAnalystForm.asp?&nd=0110

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 discusses 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? He can take your questions
through tonight Thurs., Jan. 10, 5 PM ET. Ask the expert.
http://www.multexinvestor.com/AskTheExpertForm.asp?&nd=0110



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

1. FREE RESEARCH REPORT
CIBC World Markets provides its outlook and current position on the
semiconductor industry.

CIBC focuses on recent sales trends and its expected industry
revenue growth through 2004. It offers a sector investment opinion and
identifies its favorite names. This 18-page report, which usually sells for
$50, is free to members for the next 72 hours.
http://www.multexinvestor.com/download.asp?docid=25914538&nd=0110


2. DAILY FREE SPONSOR REPORT
Morgan Stanley reviews strategies and valuation for "neutral"-rated
Intimate Brands (IBI).

The firm declines to set a target price for IBI, and notes that increased
focus on brand development, and tighter cost and inventory control may
not be enough to offset weak comps in a difficult environment. Members
can read the firm's description of investment positives and key risks by
registering for the firm's free-research trial.
http://www.multexinvestor.com/download.asp?docid=4335290&sid=8&nd=0110

===================================================================
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/