TODAY: Today, Charles Payne offers his investment insights on 17
telecom stocks, some of which hold promise, he says, while others
will never get back off the ground. In addition, we feature articles
on tower stocks and mobile phone companies eyeing the Internet, and
in his weekly contribution, "international wires," columnist Ben Mattlin
discusses Russian telecom stocks with high analyst ratings.
Multexinvestor.com members can also take advantage of a free offer
to sign up for research from Morgan Stanley on McLeodUSA (MCLD)
(as well as other stocks).

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

INTRODUCING Your FREE Stock-Pick Trial! "You need stocks
that go up? That's our job!" FREE of bias? Yes. FREE of
conflict? Yes. FREE for you today? YES! Now is a GREAT time
to be in the market - Join FREE today at

http://www.stockpicks3.com
==============================================================

Below:
---------

- Free sponsored report
- Investment ideas
- Broker reports

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


Free sponsored report
-----------------------------------------

The firm says this telecom play is now played out, and lays out the key
investment positive and investment risks inherent in the stock. Register
for the firm's free-research trial to access information on this and
other stocks.
http://www.thetelecommanalyst.com/download.asp?docid=5204848&sid=8&nd=1122


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

1. Picks and pans: Telecom favorites and has-beens
Charles Payne rates 17 telecom stocks that sank like hot air balloons for their
ability to regain altitude or not.

By Charles Payne, founder, CEO, and principal analyst, Wall Street Strategies

The telecommunications sector's equipment makers has been at the root of all
the heartache felt by investors over the last two-years; it represents the
bloated inventories and even more bloated valuations; investors thought they
were gliding to a land of early retirements, vacation homes and endless toys when
the balloon began to lose air (it didn't pop, but behaved more like a hot air
balloon that descended faster and faster as it approached a hard landing).
Like visionaries in love with a concept, investors are still in love with
the telecommunications space and will continue to bet on the balloon recovering
altitude and taking flight once more. I agree that some of these balloons will
indeed become airborne, but getting them off the ground will be trickier than
advertised.

Click here to read more:
http://www.thetelecommanalyst.com/article.asp?docid=4552&nd=1122


2. Upwards revisions: Better and better
Rather than taking the sector as a whole, investors should consider individual
opportunities.

By Dave Sterman

Recessions are something of a double-edged sword for investors. On the one hand,
sales growth slows for many of their portfolio companies, taking share prices
on a southbound trajectory. But for those with cash to spare, they have a rare
chance to buy quality companies at fire sale prices.

With that in mind, we went screening for long-term winners in the telecom sector
that are now quite cheap. We specifically sought out stocks that are now fairly
inexpensive when compared to their historical earnings growth rate. As the
accompanying table shows, these stocks have a PEG (price/earnings ratio in
relation to earnings growth) of below 0.7.

And to make sure that analyst sentiment corroborates the attractive valuation,
we insisted these stocks be supported by at least three "strong buy" ratings,
and that analysts have raised their ratings over the last three months.

Click here to read more:
http://www.thetelecommanalyst.com/article.asp?docid=4365&nd=1122


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

Scottrade Rated #1 Broker by Kiplinger's Personal Finance! Trade
stocks for $7 at Scottrade! Experience top-rated customer service and
support in each of our 140+ offices nationwide! $25,000,000 account
protection and NO inactivity fees are two of many reasons why you should
apply. Find out more: click here!

http://www.scottrade.com/index.asp?supbid=4400
==============================================================


3. Upside potential: Unusual support looms for tower stocks
Debt burdens and zoning laws may seem like unlikely benefits, but there you
have it.

By Dave Sterman

Toss another sector into the telecom rubble. Shares of cell tower operators
are hitting new lows and now sell for just a small fraction of their peaks.
Curiously, on many levels, the sector is fairly healthy; revenues are strong,
and major players have been able to avoid the cutthroat price wars that have
characterized the rest of the telecom industry.

That apparent disconnect could spell an opportunity for investors with a strong
stomach for a long and bumpy ride. These firms are saddled with eye-popping
levels of debt, but should soon benefit from a much more rational operating
landscape. Weaker players are on the ropes, and their eventual demise will enable
the stronger players to get back on their feet as they garner a bigger slice of
the pie.

Click here to read more:
http://www.thetelecommanalyst.com/article.asp?docid=4364&nd=1122


4. International wires: From Russia with love
A troika of telecom stocks that are well-positioned for current trends and gaining
analyst esteem.

BYLINE: Ben Mattlin, equity research columnist

When shares of Russian-based telecom companies start earning a measure of analyst
esteem, savvy investors owe it to themselves to take a further look.

To be sure, these three Russian telcos haven't yet attained analysts' highest rating,
but quite surprisingly--and seemingly out of nowhere--each has an average rating better
than a neutral 3, and one of them has moved up to an average rating of 2 ("buy").
What gives?

Click here to read more:
http://www.thetelecommanalyst.com/article.asp?docid=4425&nd=1122


5. Changing directions: Mobile phone makers eye wireless Internet opportunity
Companies look past current troubles toward growing the mobile data market

by John Filar Atwood, equity research columnist

Worsening economic conditions have caused a major strategic shift in the mobile
handset industry. The segment's top companies have begun to de-emphasize phone
sales and are eyeing the wireless Internet as a key driver of future revenues.

It's no surprise given recent industry performance. Third quarter handset
shipments were down by 10% over last year. Motorola's (MOT) sales fell by 22%
in the quarter, and Ericsson's (ERICY) phone operations have been so damaging
to its bottom line that the company finally moved them into a joint venture with
Sony (SNE).

Click here to read more:
http://www.thetelecommanalyst.com/article.asp?docid=4447&nd=1122

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


Broker reports
-----------------------------------------

1. SPECIAL REPORT: Your daily fiber

JDS Uniphase (JDSU), Corvis (CORV), Stratos Lightwave (STLW), ONI
Systems (ONIS), and Agere (AGR.A) are some of the companies discussed.
CIBC focuses on recent earnings and/or guidance, product developments, and
prospects. (6-page report for purchase - $25)
http://www.thetelecommanalyst.com/download.asp?docid=25353489&nd=1122


2. EDITOR'S PICK: Telecom carrier trends from an equipment perspective

The analysts discuss the future of telecom capex, wireline service
fundamentals, data revenue growth/traffic, wireless capex, and Chinese
demand. They explain why investors should focus on carrier fundamentals
as a precursor to recovery. (7-page report for purchase - $25)
http://www.thetelecommanalyst.com/download.asp?docid=25391719&nd=1122


3. PREMIUM REPORT: Do the Bells ring loudly?

Robertson Stephens reports on the current state of the nation's 4
regional bell operating companies.

A collective and individual take on BellSouth (BLS), Verizon (VZ),
Qwest (Q), and SBC (SBC) is provided, as well as investment conclusions.
Valuation, long-distance, DSL/data service, wireless, and competition are
discussed. (80-page report for purchase - $150)
http://www.thetelecommanalyst.com/download.asp?docid=25610009&nd=1122


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

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. To
remove yourself from ALL Multex Investor mailings, including the
Daily Update and The Telecomm 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 your feedback to The Telecomm Analyst, include TTA in
the subject line at:
investor.feedback@multex.com

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

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

Like a specific article? Now you can send it to a friend with just
a click. Check out the send to a friend feature next to each article.

To advertise in this e-mail, ASK FOR TTA at:
advertise@multex.com