Buyside articles from June 2003

Buyside archives from June 2003

Verizon Communications is one of the world's leading providers of high-growth communications services.(Fact Sheets)(Company Profile)
June 22, 2003... Verizon companies are the largest providers of wireline and wireless communications in the United States, with over 136 million access line equivalents and over 33 million wireless customers. Verizon is also the world's largest provider of...

A few good ideas.(Publisher's Letter)(Brief Article)
June 22, 2003... I'D LOVE TO BE A FLY ON THE WALL in a bulge-bracket Director of Research's office these days. My, what a study in frustration that would be. The question they have to answer is: How can one justify the capital expenditure of a quality,...

Citibank depositary receipt issuers.(Citigroup)(meshed briefs)(Advertisement )
June 22, 2003... ABB is a global leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The group has some 135,000 employees in more than 100 countries. ABB posted...

New NASD proposal seeks to promote an enduring compliance culture.(Simply Certifiable)
June 22, 2003... In June, NASD announced it was requesting comment on proposed rule amendments requiring Chief Executive Officers (CEOs) and Chief Compliance Officers (CCOs) to jointly certify annually that their member firms have adequate compliance and...

New security solutions guard against corporate espionage.(I Spy)(Brief Article)
June 22, 2003... In this age of instant information, a corporate executive's private e-mail can quickly become headline news, that is, if the company he works for has not deployed the proper computer security solutions to guard against corporate spies. ...

Socially and environmentally responsible funds continue to boast strong performance.(Social Climbers)(Brief Article)
June 22, 2003... Socially responsible mutual funds prove that investing with a conscience can be a profitable venture. According to data released by the nonprofit Social Investment Forum (SIF), during the first quarter of 2003 13 of the 18 (72%) Forum-tracked...

Compensation for investment professionals.(Getting Paid In Peanuts?)(survey findings)(Brief Article)
June 22, 2003... A recent survey found that median compensation for U.S. investment professionals is at its lowest point in five years. Median total compensation is $148,000 down 22% from 2001 and 10% from 1999. Even though base salaries across the sector have...

TheStreet.com launches Independent Research Group.(registered broker-dealer)(Brief Article)
June 22, 2003... Independent Research Group (IRG), a wholly owned subsidiary of TheStreet.com, has been approved by the SEC and admitted for membership in the NASD as a registered broker-dealer, enabling institutional investors to pay for the firm's independent...

Religious investors complete report to address corporate responsibility.(Global Bench Marks)
June 22, 2003... Corporations worldwide are facing the prospect of uniform standards and expectations from advocacy and religious groups and other concerned investors on a comprehensive range of issues including pollution control, sweatshop labor and access to...

Compensation experts conduct first study tying pay to performance.(Worth Your Salt?)
June 22, 2003... Chief investment officers at the nation's asset management firms have grown accustomed to having a wealth of data and resources available for their investment decisions. However, they have been flying blind when it comes to crucial compensation...

Charles Schwab & Co.(Buyside on the buy side: who's moved on and who's moved up)(introduced a new small-cap equity fund)(Brief Article)
June 22, 2003... Charles Schwab & Co. introduced a new small-cap equity fund that uses Schwab Equity Ratings to provide investors an opportunity to capitalize on the growth potential of small U.S. companies. The Schwab Small-Cap Equity Fund is designed for a...

ING.(Buyside on the buy side: who's moved on and who's moved up)(Brief Article)
June 22, 2003... ING's U.S. financial services operations announced that its retail mutual fund unit, ING Funds Distributor, has launched ING Principal Protection Fund VII, a mutual fund with a five-year guarantee period. ING Funds seeks to be a premier...

Wasatch Funds announced the launching of the Wasatch Micro-Cap Value Fund, effective July 28, 2003.(Buyside on the buy side: who's moved on and who's moved up)(Brief Article)
June 22, 2003... Wasatch Funds announced the launching of the Wasatch Micro-Cap Value Fund, effective July 28, 2003. The Fund will be co-managed by Wasatch veteran and Micro-Cap Fund Manager Robert Gardiner along with Brian Bythrow and John Malooly. All three...

John Hancock Funds.(Buyside on the buy side: who's moved on and who's moved up)(has announced its eighth closed-end fund that invests in preferred securities, and its twelfth closed-end fund in total)(Brief Article)
June 22, 2003... John Hancock Funds has announced its eighth closed-end fund that invests in preferred securities, and its twelfth closed-end fund in total. John Hancock Preferred Income Fund III will seek high current income consistent with capital...

Bjurman, Barry and Associates.(Buyside on the buy side: who's moved on and who's moved up)(announced the addition of the Bjurman, Barry Small-Cap Growth Fund to its Trust Series lineup)(Brief Article)
June 22, 2003... Bjurman, Barry and Associates announced the addition of the Bjurman, Barry Small-Cap Growth Fund (BBSFX) to its Trust Series lineup, along with the closing of its Micro-Cap Growth Fund to new shareholders. The Bjurman, Barry Small-Cap Growth...

Cohen & Steers Capital Management.(Buyside on the buy side: who's moved on and who's moved up)(to launch a new closed-end fund)(Brief Article)
June 22, 2003... Cohen & Steers Capital Management has plans to launch a new closed-end fund that will feature a blend of REITs and corporate preferred securities. The new fund, Cohen & Steers REIT and Preferred Income Fund, will seek high current income, with...

Northern Trust Global.(Buyside on the buy side: who's moved on and who's moved up)(Northern Trust Global Advisors named Kenneth Stemme as director of hedge funds)(Brief Article)
June 22, 2003... Northern Trust Global Advisors has named Kenneth Stemme as director of hedge funds. In this new position, Stemme will be responsible for identifying, evaluating and monitoring hedge fund managers as well as managing the research and portfolio...

Genomics Fund.(Buyside on the buy side: who's moved on and who's moved up)(appointed Robert J. Sullivan as portfolio manager )(Brief Article)
June 22, 2003... Genomics Fund (GENEX), the world's first and only mutual fund specializing in investing in the dynamic, new genomics industry, appointed Robert J. Sullivan as portfolio manager for the fund. Sullivan is chief investment officer, Satuit Capital...

Investec.(Buyside on the buy side: who's moved on and who's moved up)(Guinness Atkinson Asset Management to assume management and distribution of Investec funds available to U.S. residents)(Brief Article)
June 22, 2003... The shareholders of Investec's U.S. registered no-load mutual funds have approved a new advisory agreement, previously approved by the boards of the funds, providing for Guinness Atkinson Asset Management to assume management and distribution...

Independent Research Group.(On The Sell Side)(hired Sean Ryan and Carter Driscoll as analysts)(Brief Article)
June 22, 2003... Independent Research Group (IRG), a wholly-owned subsidiary of TheStreet.com (Nasdaq: TSCM), has hired two additional analysts to complement the consumer and retail, communications and biotech sectors currently followed by the firm. Sean Ryan...

Wachovia Securities.(On The Sell Side)(Ralph Jean has rejoined the firm as a senior equity research analyst)(Brief Article)
June 22, 2003... Wachovia Securities announced that Ralph Jean, a longtime retail analyst, has rejoined the firm as a senior equity research analyst covering the hardlines retailing sector. Jean will report to Todd Wickwire and Anthony Gallo, co-heads of...

MBA students looking for advancement with "traditional" companies.(Down With The Dot.Coms)
June 22, 2003... MBA students from 10 of the nation's top-tier business schools will be turning their backs on dot.coms and Internet companies after graduation, preferring "career advancement" and personal fulfillment at major companies, according to a...

InvestorForce ranks top managers.(The Winner's Circle)
June 22, 2003... The quarterly survey of institutional investment manager performance from InvestorForce, an investment information and technology company, has identified the top performing equity and fixed income separate account managers in 20 asset classes....

Game plan: stiff competition to heat up when bull returns.(Guest Column)
June 22, 2003... 2002 MARKED THE THIRD CONSECUTIVE negative year for the market, a burden not encountered in 60+ years (since 1939 to 1941). But behind these numbers lie some promising signals: Greenspan's sanguine economic comments, positive corporate...

A profitable platform: BNY Jaywalk puts a new face on independent research.(Independent Focus)
June 22, 2003... Christian Baha Quadriga WHILE MANY SELL-SIDE ANALYSTS continue to feel the heat, independent researchers are enjoying a boost in popularity. BNY Jaywalk, The Bank of New York's independent equity research consultancy, is in tune with this...

Financial technology solutions.(Emerging Trends)
June 22, 2003... While investors continue to look for places to make their money work best, hedge funds are no longer reserved for high-net-worth individuals. In today's market, many firms have created new investment products to target retail investors. One...

Two by two.(Money Manager)(religiously conservative Noah Fund performing well in bad times)
June 22, 2003... Van Alen's religious mutual fund offers investors profits of Biblical proportions. The fund has been 200 basis points above the Russell 1000 Growth Index consistently and has returned 17.01% since its inception. Even during this year's...

The best kept secret on the street.(Money Manager)(IMS Capital)
June 22, 2003... IMS Capital is earning a reputation for building wealth wisely. The Value Fund is in the top quartile of all funds in its category for one-, three- and five-year periods ending March 31st and was in the top two percent of all funds in all...

Designed for success.(Money Manager)(Lend Lease Rosen Real Estae Securities L.L.C.)
June 22, 2003... Lend Lease Rosen has a strong foundation. The LLUYX fund is up 10.43% year to date. Michael Torres Portfolio Manager and CEO Lend Lease Rosen Real Estate Securities, LLC The French architect Le Corbusier said, "Architecture is the...

In the pink: quality companies move to the pink sheets to avoid regulations, trim costs.(Cover Story)
June 22, 2003... For most public companies, being "in the pinks" has been a stigma to be avoided at all costs. Savvy investors viewed these stocks as a "pink flag" signifying that the company was in trouble. And for years, the pink sheets were inhabited...

Conference calendar.(Calendar)
June 22, 2003... JULY Credit Suisse First Boston Corp, LEVERAGED FINANCE INDEPENDENT POWER PRODUCERS AND UTILITIES CONFERENCE ** New York City July 17 Contact: www.csfb.com New York Society of Security Analysts (NYSSA) THE INTERNET AS...

Special report: mid- and small-cap oil & gas exploration & production stocks.(Introduction)
June 22, 2003... Compelling valuations, record-setting cash flows borne on the back of strong oil and natural gas prices, low service and drilling costs--it all spells better margins and better investing, in the small- and midcap exploration and production...

The E&P smaller caps: the signs look good for investors interested in the midcap oil and gas exploration and production market. Natural gas prices are projected to stay strong, yet company valuations remain low--for now, at least.
June 22, 2003... The stocks of mid- to small-cap oil and gas exploration and production (E&P) companies--those having less than $1 billion of market capitalization have experienced a nice surge in stock value. This is thanks to public statements by Federal...

Building momentum: low interest rates boost growth in home construction and improvement.(Industry Overview)
June 22, 2003... In the first five months of 2003, home-construction stocks advanced by more than 30%, driven largely by the lowest mortgage interest rates in recorded history. "Going forward, investors have to think about not just mortgage rates but employment...

Annual check-up: consolidation leaves a few, but promising, pure-play companies.(Women's Health Care)
June 22, 2003... In the late 1990s, Wall Street was abuzz about women's healthcare. Biotechnology and pharmaceutical companies big and small were touting new diagnostic and therapeutic procedures for cervical and breast cancers, reproductive complications,...

Take it to the bank: regional banks have prospered, but will further rate cuts bring an end to their performance?(Western Regional Banks)
June 22, 2003... The recent outstanding performance of regional banks has provided some much-needed euphoria for investors. Share prices soared, merger and acquisition activity was strong and even the mood of bankers seemed relatively light. While other...

Hoefer & Arnett.
June 22, 2003... EQUITY RESEARCH April 23, 2003 GREATER BAY BANCORP (GBBK--$16.90) Rating: STRONG BUY (Maintained) Greater Bay Bancorp Contacts: David L. Kalkbrenner, President and CEO (650) 614-5767 Steven C. Smith, EVP, CAO and...

Growing independence: independent research flourishes down on the farm.(Research Profile)
June 22, 2003... Farmhouse Equity Research From the second floor of a 150-year-old converted barn, J.P. Mark is doing what he loves: Providing institutional research of the highest quality. Since leaving Wells Fargo where he served as director of research,...

A fine balance: sell-side Davenport Analysts keep buy-side perspective.(Research Profile)
June 22, 2003... Davenport & Company An ownership mentality is not just a state of mind for the analysts at Davenport & Company--it's the real deal. Davenport is wholly-owned by its employees and today is the largest independent retail brokerage firm...

Cadmus communications.(Davenport & Company)
June 22, 2003... Cadmus Communications (CDMS-OTC-$8.75) Differentiation Warrants Higher Multiple. Rating: Buy Sector: Media-Printing Services Target Price: $12 Sector Recommendation: Market-weight Basis of Target: 10.3 times...

CFC International.(Davenport & Company)
June 22, 2003... CFC International (CFCI-OTC-$4.50) Strategic Repositioning Efforts Should Benefit Company on Economic Recovery. Rating: Buy Sector: Specialty Chemicals Target Price: $7.00-$8.00 Sector Recommendation:...

Powerful outperformance: New Jersey financial services firm consistently beats S&P.(Research Profile)(Pershing L.L.C.)
June 22, 2003... Pershing Investments Analysts at Pershing LLC think a new bull market is coming. How long that bull will run, they say, remains to be seen. Their market summary suggests that a climbing Dow (more than 9,000 in June after being in the...

SICOR Inc.(Research Profile)(brief company description)(Brief Article)
June 22, 2003... SICOR is a vertically integrated, multinational pharmaceutical company that focuses on generic finished dosage injectable pharmaceuticals, active pharmaceutical ingredients, or APIs, and generic biopharmaceuticals. Using internal research and...

BP.(Research Profile)(brief company description)(Brief Article)
June 22, 2003... BP is the holding company of one of the world's largest petroleum and petrochemicals groups. Our main activities are exploration and production of crude oil and natural gas; refining, marketing, supply and transportation; and manufacturing and...

Successful outsourcing: small companies reap big benefits from equity research services.(Research Profile)
June 22, 2003... Equity Research Services John "Buddy" Howard isn't your typical research analyst. And his firm isn't a typical research boutique. Howard started his career as a generalist with Carolina Securities Corp., a regional brokerage firm. There he...

Gateway Financial Holdings, Inc.(Investor Relation Report)
June 22, 2003... AVAILABLE ON THE WEB AT www.equityresearch.com (GBTS--NASDAQ SMALL CAP) Background Gateway Financial Holdings, Inc. of Elizabeth City, North Carolina is a financial holding company for Gateway Bank & Trust company, a full service...

Resourceful research.(Analyst Showcase)
June 22, 2003... MORGAN KEEGAN'S E&P ANALYST Subash Chandra is good at what he does and has the performance results to prove it. He's been a top-ranked analyst in The Wall Street Journal's "Best of the Street" survey for two years running now, and in 2003,...

Harvest Natural Resources.(company description)
June 22, 2003... Harvest We Realize the Potential Company Contact * Steve Tholen, CFO * 281-579-6700 Company Description. Harvest Natural Resources is an independent energy company, which has been engaged in the development and production of...