In today's edition of the Daily Update, equity research columnist Dave 
Sterman explains how the vicissitudes affecting Cisco (CSCO) in turn 
effect the market and other network equipment manufacturers as well. 

Also, Ben Mattlin reports on three international telcos that are so bad, 
they may actually be good.

Readers who are registered for the free research trial from Morgan 
Stanley can read what the firm thinks may be strong catalysts for Getty 
Images (GETY). If you aren't already registered, here's your excuse. It 
costs not a dime and only a few minutes to fill out the form.

Finally, our staff at Multex Investor would like to wish all of you a very 
happy and healthy Holiday season.
 

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Below
--------

- Investment ideas
- Online advice and chats
- Free and sponsored reports


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

1. INVESTMENTOR
Stealthy superstars of telecom
The three worst international telco equipment companies--or are 
they?

By Ben Mattlin, equity research columnist

Perhaps it's the Scrooge in me, but for this holiday column let's 
focus not on attractive or highly rated stocks--where, let's face it, 
opinions can vary--but on the stinkers, the lemons of international 
telecom equipment companies that you'd have to be crazy to bet 
your money on.

Or would you?

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=5407&nd=1225


2. INVESTMENT IDEAS
All eyes on Cisco (CSCO)
A plethora of smaller companies are nipping at its heels, but all they may 
get is bone

By Dave Sterman, equity research columnist

What do Juniper Networks (JNPR), Foundry Networks (FDRY), 
Extreme Networks (EXTR) and Riverstone Networks (RSTN) have in 
common? They all sport a market capitalization in excess of $1 billion 
(despite the massive tech sell-off of the last 18 months), and they all toil 
in the looming shadow of Cisco Systems (CSCO). 

Although growth investors continually check the pulse of these other 
tech upstarts, they can't do research in a vacuum. As goes Cisco, so goes 
these networkers. 

To be sure, these companies can try and wrest a few points of market 
share from Cisco. But if the market for switches and routers doesn't 
rebound sharply, share gains will result in only a minor revenue uptick. 
And no one has greater visibility into the direction of the networking 
market than Cisco. So when Cisco CEO John Chambers speaks, the 
sector listens.

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=5288&nd=1225


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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=1225

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strategies: http://www.multexinvestor.com/Analysts/HomeTTA.asp

To be sure you receive your TTA newsletter every week, click here:
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Online advice and chats 
-----------------------------------------

1. ASK THE ANALYST 
Garzarelli Capital's Elaine Garzarelli explains her short-term view of the 
market.  

Citing growing bullish sentiment from the investment advisor 
community, Garzarelli explains the drop in her composite market 
readings. Should investors expect a short-term correction? You can pose 
her questions through tonight, Tues., Dec. 25, 5 PM ET. Ask the analyst.
http://www.multexinvestor.com/AskTheAnalystForm.asp?&nd=1225


2. ASK THE EXPERT 
American Century's James Bell discusses some mutual fund tax-planning 
strategies worth considering.  

Bell identifies several tax-related tips that mutual fund investors will 
want to give some thought to as the end of the year rapidly approaches. 
How can you minimize your tax obligations? Pose him your questions 
until Thurs., Dec. 27. Ask the expert.
http://www.multexinvestor.com/AskTheExpertForm.asp?&nd=1225


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

1. FREE RESEARCH REPORT 
Lehman Brothers reviews Q3 results and previews next year for 
emerging telecom companies.

The firm discusses valuation, prospects and cash positions of 
these stocks in its coverage area: Allegiance (ALGX), Broadwing 
(BRW), Global Crossing (GX) and more. This 65-page report, which 
usually sells for $150, is free to members for the next 72 hours.
http://www.multexinvestor.com/download.asp?docid=25843415&nd=1225


2. DAILY FREE SPONSOR REPORT 
Morgan Stanley says Getty Images (GETY) "should benefit from several 
key milestones in the upcoming year."

The firm says this "pioneer of digitization technologies and e-commerce" 
is likely to "expand its market opportunity, accelerate growth, and 
improve profitability." Get the low-down on this and other stocks by 
registering for the firm's free-research trial.
http://www.multexinvestor.com/download.asp?docid=4378684&sid=8&nd=1225

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sectors. To see this week's issue, 
click here: 
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