In today's edition of the Daily Update, frequent contributor Dave Sterman
shakes his head in wonder at the recent surge experienced by supply
chain software stocks, and provides information that may encourage
readers to rethink their positions.

Also in a finger-wagging mode today, Multex Investor director of
investment research Marc Gerstein takes a break from promoting his
forthcoming book, Screening The Market: A Four-Step Method to Find,
Analyze, Buy and Sell Stocks, to scold investors who systematically
ignore retail, and to discuss the merits of one retail stock he really likes.

If you like, you can pretend to be as smart as Gerstein by learning how to
use our NetScreen tool by clicking here:
http://www.multexinvestor.com/BuzzPage.asp?target=stocks/advisor/home&DocID=509&nd=0116

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Below
--------

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


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

1. INVESTING STRATEGIES
American Eagle Outfitters (AEOS)
Weak sales reports present great buying opportunities for American
Eagle Outfitters

By Marc Gerstein, director of investment research, Multex Investor

I've been hearing how rotten retail is for years now. There are too many
malls. There are too many stores. Consumers are bored with shop-till-
you-drop. Consumers don't have enough money. You name it, I heard it.

For your sake though, I hope that if I featured it, you bought it. Thus far,
I've profiled retailers 21 times (including two follow-ups for previously
featured stocks). As of the 1/11/02 market close, the average percent
change of the retail stocks we featured was +35.9 percent (including one
dot-com dud that lost 80.8 percent). The equivalent average percent
change was a 16.0 percent loss for the S&P 500 and -35.3 percent for
the Nasdaq 100.

 Click here to read more.
http://www.multexinvestor.com/article.asp?docid=6000&nd=0116


2. INVESTMENT IDEAS
B is for "bubble"
Supply chain software stocks surge--but why?

By Dave Sterman, equity research columnist

It's dj vu all over again, as stocks of supply chain software vendors i2
Technologies (ITWO), Manugistics (MANU), and SAP (SAP), among
others, have climbed sharply in recent months. These stocks were
among the highest flyers at the height of the Internet bubble, and it's fair
to wonder if investors are slipping back into that old bugaboo, irrational
exuberance.

The surge in prices is based on a fairly dubious investment thesis: sales
are no longer falling and the worst may be over. But sales are not yet
rising either. And analysts are compelled to look several years out to
justify current stock prices.

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=5994&nd=0116


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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=0116


2. TODAY'S SPECIAL REPORT
Prudential issues a comprehensive report on gaming operators and
equipment suppliers.

Included are 34 pages of sector commentary, 6 major casino reports
(HET, MGG, AGY, PPE, MBG, and STN), 2 equipment supplier reports
(IGT, WMS), a 33 page appendix with industry threats, state data &
more. 117 figures, graphs, or charts. (146-page report for purchase -
$300)
http://www.multexinvestor.com/download.asp?docid=25970236&nd=0116


3. EDITOR'S PICK: CURRENT RESEARCH FROM THE CUTTING EDGE
CIBC World Markets discusses the prospects for optical components
in 2002.

CIBC provides its fundamental outlook for the space including
broad revenue projections, pricing trends, long-term outlook, carrier
spending, component inventories, traffic volume, investment opinions,
and 22 exhibits or charts. (34-page report for purchase - $75)
http://www.multexinvestor.com/download.asp?docid=25943567&nd=0116


4. THIRD-PARTY REVIEW
Kintisheff Research previews telecom equipment giant Lucent's (LU)
Q4 earnings report.

The report contains 5 pages of fundamental commentary including Q4
optical and wireless revenue tracking, share of systems orders in 2000-
01, discussion of what to focus on in the earnings call and 5 pages of
detailed financials. (10-page report for purchase - $25)
http://www.multexinvestor.com/download.asp?docid=25932375&nd=0116


5. WHAT'S HOT?
Bear Stearns reports on the 'promises and challenges' of 3G
wireless technology.

Stating that 3G services should provide equal or superior voice
quality to fixed phone systems, the firm expounds on the impact of 3G,
discussing revenue potential, the role of CDMA, start-up costs, and more
in the report. (5-page report for purchase - $10)
http://www.multexinvestor.com/download.asp?docid=25935775&nd=0116


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


1. ASK THE ANALYST
Rabbitt Analytics's Paul Rabbitt discusses the kind of stocks investors
should own going forward.

Predicting broad market improvement over the next 6-12 months, Rabbitt
explains why he believes investors' focus should now be on economically
sensitive stocks. What sectors does he suggest? Ask him questions on
this topic until Thurs., Jan. 17.
http://www.multexinvestor.com/AskTheAnalystForm.asp?&nd=0116

Find the right stocks to own in this market. Get Rabbitt's Daily Rankings
for Free. Click here  http://www.rabbittanalytics.com/signup_multex3.asp


2. ASK THE EXPERT
Multex.com's Alan Cohn explains some of the ways
Americans will benefit from new tax laws.

Citing aspects of new tax rules relating to individuals
over 50, education, and estate taxes, Cohn shows
how a wide range of citizens will benefit. How do the
new laws affect you? He can take your questions until
Thurs., Jan. 24. Ask the expert.
http://www.multexinvestor.com/AskTheExpertForm.asp?&nd=0116


3. TOMORROW's Live Event
Chat LIVE tomorrow at 8pm ET and learn about what's new this year
with traditional and Roth IRAs.

Tomorrow at 8pm ET, Doug Lockwood, Director of Shareholder
Education for American Century Investments, will answer your questions
about the changes this year with traditional and Roth IRAs. Click here
http://www.multexinvestor.com/LiveEvents/Article.asp?target=/liveevents/article/home&ForumID=42&DocID=5885&nd=0116



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


1. FREE RESEARCH REPORT
C.E. Unterberg Towbin takes a look at the brewing battle among storage
management schemes.

The firm provides a broad industry overview and discusses what it
will take to increase market share in the year ahead. Also, updates on a
number of companies in the sector. This 15-page report, which usually
sells for $50, is free to members for the next 72 hours.
http://www.multexinvestor.com/download.asp?docid=25909141&nd=0116


2. DAILY FREE SPONSOR REPORT
Morgan Stanley is has a "neutral" rating on Vignette (VIGN) because of
economic uncertainty.

The firm lauds VIGN's technical leadership and competitive positioning,
but also warns that a difficult environment is one of several investment
risks. Multex Investor members can register for the firm's free research
trial to access this and other reports for free.
http://www.multexinvestor.com/download.asp?docid=4487307&sid=8&nd=0116


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Be sure to check out our other newsletters, The Internet Analyst
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sectors. To see this week's issue,
click here:
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