In today's edition of the Daily Update, we look at the silver linings
for telecom equipment stocks and even Enron. Indeed, where the latter
is concerned, eMarketer senior analyst Steve Butler explains how Enron's
online trading platform changed the energy trading landscape and
created opportunities that would not have otherwise existed. Also,
frequent contributor John Filar Atwood discusses three telecom
equipment stocks with brighter outlooks than expected.

You can link directly to our research page, which features synopses
of broker and free reports, and you can also register for the free
Morgan Stanley trial by clicking on the Morgan Stanley logo, here:
http://www.multexinvestor.com/article.asp?docid=6420&nd=0128

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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 EnronOnline diaspora
Online energy trading has been orphaned, not aborted

By Steve Butler, senior analyst, eMarketer

Although the company is now defunct, and while its behavior has taken a
serious financial toll on many individuals and companies, Enron's legacy
also includes its role as an Internet trailblazer. Indeed, by its sheer size
and ambition, the company was able to change the way that its
competitors traded, permanently and significantly altering both the
energy sector and the Internet.

To get an idea of the magnitude of what we're dealing with, according to
company data, Enron's (ENE) Internet-based trading exchange,
EnronOnline, was processing about 4,000 transactions per day
worldwide, with an average deal size of about $500,000, by September
of 2001. At an annualized rate, the notional value of online transaction
activity conducted through EnronOnline was approximately $510 billion--
a healthy increase from the $101 billion in transactions during 2000.

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=6425&nd=0128


2. INVESTMENT IDEAS
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.multexinvestor.com/article.asp?docid=6434&nd=0128


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


1. INVESTORS' CHOICE: 3-DAY FAVORITE
Bear Stearns publishes a 'top ten list' of Internet security predictions for
2002.

After a page of general sector commentary, the firm discusses its list; #3
prediction calls for more sophisticated virus attacks, #6 prediction is that
the biometric hype fizzles, #10 predicts security vendor stocks that will
outperform. (4-page report for purchase - $10)
http://www.multexinvestor.com/download.asp?docid=25966746&nd=0128


2. TODAY'S SPECIAL REPORT
Prudential provides analysis and an earnings preview for 7 fun-time
stocks under coverage.

Prudential identifies its favorite 3 12-month ideas as well as its top
turnaround candidate from AOL, DIS, Liberty (L), Pixar (PIXR), Six Flags
(PKS), USA (USAI), and VIA. Individual commentaries on each stock. 53
figures. (88-page report for purchase - $150)
http://www.multexinvestor.com/download.asp?docid=26049306&nd=0128


3. EDITOR'S PICK: CURRENT RESEARCH FROM THE CUTTING EDGE
CIBC World Markets discusses Microsoft's (MSFT) recent earnings and
prospects.

CIBC provides its investment conclusion on the stock, analysis of
MSFT's income statement, balance sheet, comments on the outlook for
the company, its valuation, and discusses changes to the firm's
revenue/earnings model. (7-page report for purchase - $25)
http://www.multexinvestor.com/download.asp?docid=26037301&nd=0128


4. THIRD-PARTY REVIEW
Interfax updates investors on the latest Chinese technology
developments.

The report includes recent headline news, discussion of networks and
equipment, Internet and wireless technologies, hardware, software, stock
market developments and a profile of the Shandong Langchao Software
Co. (36-page report for purchase - $50)
http://www.multexinvestor.com/download.asp?docid=26088082&nd=0128


5. WHAT'S HOT?
RBC Capital Markets reports on possible bank unsecured credit
exposure to Kmart's (KM) bankruptcy.

In short order RBC identifies the banks and respective exposures to the
situation. Fleet (FBF), Bank of New York (BK), Morgan (JPM), Wachovia
(WB), Bank One (ONE), and Wells Fargo (WFC) are amongst 10 listed in
the report. (2-page report for purchase - $10)
http://www.multexinvestor.com/download.asp?docid=26063022&nd=0128


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

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

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


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

1. ASK THE ANALYST
Schaeffer's Research's Bernie Schaeffer discusses recent price action in
major market averages.

Calling latest trading activity "disturbing," Schaeffer explains why his
chart analysis reveals bearish indications. What are some key levels that
investors should watch in the Dow, Nasdaq, and S&P averages? You
can ask him questions through tonight, Mon., Jan. 28, 5 PM ET.
http://www.multexinvestor.com/AskTheAnalystForm.asp?&nd=0128

Twenty 100% profit winners in 2001. Try the nation's leading options
newsletter for ONE MONTH FREE!  No credit card required. BERNIE
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2. ASK THE EXPERT
Ronald E. Newton with Insurance.com talks about how much auto
insurance you really need.

In reality, there is often a large gap between the insurance you're
required to carry and what you should carry.  Ask Ronald E. Newton of
Insurance.com your questions.  He will take investor questions until
Thurs., Feb. 7.
http://www.multexinvestor.com/AskTheExpertForm.asp?&nd=0128



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

1, FREE RESEARCH REPORT
Wachovia Securities provides its 2002 outlook on real estate investment
trusts.

The firm provides key points, general discussion, fundamental drivers,
risk assignments, valuation drivers, plus 2 portfolio recommendations
with 12 suggested stocks. 8 tables. This 14-page report, which usually
sells for $50, is free to members for the next 72 hours.
http://www.multexinvestor.com/download.asp?docid=25975855&nd=0128


2. DAILY 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.
http://www.multexinvestor.com/download.asp?docid=4345572&sid=8&nd=0128


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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:
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