Buyside articles from March 2002

Buyside archives from March 2002

The smoking gun. (Publisher's Letters).(Letter to the Editor)
March 1, 2002... Enron. There, I said it. It's good to get that out of the way -- otherwise, you would have been waiting for the other shoe to drop. It is amazing, the sweep and scope of the oil giant's drama, isn't it? As far as I'm concerned, it serves...

Congress shows no mercy for Enron execs. (Seen & Heard).(Brief Article)
March 1, 2002... Fast & Loose: During a congressional hearing on February 7, lawmakers called those who drove the company into bankruptcy "economic terrorists," "business cowboys" and "corporate thieves." Beyond that there was substantial name-calling, even...

After a dreary 2001, M&A dealmakers hope for a better 2002. (Death of a Traveling Salesman).(Brief Article)(Statistical Data Included)
March 1, 2002... In case you were looking for further statistics to underscore what a monstrous year was, M&A data provide yet another tale of woe. U.S. mergers and acquisitions fell by 16.4% from the previous year's velocity to 8,224 transactions, the largest...

CSFB's fixed-income resource for institutional research clients. (staunching the Flow).(Credit Suisse First Boston)(Brief Article)
March 1, 2002... In a move that may help the many battered equities fund managers, Credit Suisse First Boston announced the introduction of the CSFB Global Research Overview, an electronic monthly interactive glossary providing overviews of research from all...

Tracks and treks of money managers and analysts. (Buyside on the Buy Side).
March 1, 2002... ING Pilgrim Investments has launched two new value funds, the ING Mid-cap Value Fund and ING Small-Cap Value Fund, both of which are sub-advised by Brandes Investment Partners. The mid-cap fund is co-managed by Keith Colestock and W. James...

Other notables. (Insights).(appointments, retirements)(Brief Article)
March 1, 2002... Evergreen Asset Management Corp. Internet analyst John Anthony joined Fulcrum Global Partners. He has not launched coverage yet, but will focus on the telecommunications equipment sector. Analyst Real LeClerc of UBS Warburg initiated coverage...

Making the grade: Buyside's who's-who of stocks that made the grade with a recommendation upgrade or initiation to 'strong buy'. (For Strong Buys Only).
March 1, 2002... RAILROADS Union Pacific Corp. (UNP) BASIS FOR STRONG BUY Our long-term outlook for the Union Pacific Corp. remains favorable, as we believe the company will likely benefit from an eventual economic rebound, efforts to raise rates,...

Finding solid ground: November's aftermarket offers healthy returns from health-focused companies. (IPOs).(Brief Article)(Statistical Data Included)
March 1, 2002... Increased IPO volume in the fourth quarter of 2001 brought a bittersweet end to an incredibly dreadful year and, if nothing else, lifted the cloud that hovers above the economy. Analysts predict that during the second half of this year --...

No Guts, no Glory: Greg Aurand/the Orbitex group of funds. (Money Manager Profile).
March 1, 2002... It's a good thing Greg Aurand possesses fistfuls of self-confidence. With its potential for unprecedented gains and death-defying drops, it takes guts to take on a stock sector like biotechnology. Aurand has mastered subduing biotech's risk and...

Structured system, touchstone token. (Research Department Profile Federated Investors).
March 1, 2002... Talking from a payphone at the airport in Houston, Bernie j. Piechi, director of U.S. equity research and co-manager of the Federated Capital Appreciation Fund, sounds as enthusiastic in talking about his research team's approach as if they...

Global mosaic: Deutsche Banc Alex Brown Koncks down walts to build a fourth region of research with a new global perspective.(Company Profile)(Statistical Data Included)
March 1, 2002... The international marketplace simply does not recognize traditional borders anymore. Commodities from oil to information flow freely across countries and continents, with demand in Singapore dictating prices in Seattle. Two years ago,...

Objects in motion: Tent to stay in motion, we posited in 2001. Which stocks are headed up now?(Industry Overview)(Statistical Data Included)
March 1, 2002... Last March, Buyside looked for momentum plays in the market in "Upward Motion." We decided to revisit the idea in a market that sees leaders rise and dip as quickly as they appear on investors' radars. First, we took the old list to Steven...

Dial up mode: Telecom companies of all stripes are struggling to shrug off 2001. Here are the calls you don't want to miss.(Industry Overview)
March 1, 2002... If you live in a major metropolitan area, you probably think middle America is like another country. And in a certain way it is. The rural parts of the country have not adopted telecom services at the same rate as urban areas. For example,...

Harnessing the power of communication.(US LEC Corp.)(Brief Article)(Company Profile)
March 1, 2002... US LEC Corp. (Nasdaq: CLEC) THE COMPANY US LEC has grown from just three voice switches in North Carolina in 1997, to a super-regional, leading provider of voice and data telecommunications solutions. US LEC has 26 Lucent Class 5 voice...

Deutsche telekom: Deutsche telekom is an agile, high-growth company with a proven track record of providing its customers with innovative services and technologies.(Company Profile)(Statistical Data Included)
March 1, 2002... On the basis of its four-division growth strategy, Deutsche Telekom focuses exclusively on the fastest-growing segments of global telecommunications: * T-Mobile Global GSM-based wireless services * T-Online Consumer Internet...

Powerwave Technologies, Inc. (Fact Sheet).(Brief Article)(Company Profile)(Statistical Data Included)
March 1, 2002... A TL 9000 and ISO 9001 quality certified company, Powerwave's products are utilized in cellular, PCS, and 3G base stations throughout the world. Powerwave's 360,000 square foot facility in Santa Ana, California, provides significant...

Playing to win: Medical devices is a higher stakes game with a higher payoff. Winners must be broad in scope and technology savvy.(Industry Overview)
March 1, 2002... The medical device and technology market offers promise for investors. The aging of the U.S. population, combined with longer life expectancies, is feeding growing demand for products and providing a solid basis for further research. The...

Nasdaq: NGEN; Making the revolutionary routine.(Nanogen Inc.)(Brief Article)(Company Profile)
March 1, 2002... Overview Nanogen develops and commercializes molecular diagnostic tools and systems for the gene-based testing market. The Company's products include the NanoChip(r) Cartridge, a microchip capable of DNA analysis, and the NanoChip(r)...

The long hual: The transportation sector still has time to ride with delayed recovery of the overall economy. (Transportation).(Industry Overview)
March 1, 2002... No matter what acts of war, acts of god or corporate meltdown befalls North America, stuff has still got to be moved around. That's a constant that makes the transportation sector one place to be during a recession. The anticipation of an...

General consensus: Defying // and investment banking conventions, CL king & associates takes a generalist's view to finding good ideas. (CL King & Associates).
March 1, 2002... CL King & Associates, one of the oldest firms founded and headed by a woman -- Candace King Weir -- encourages analyst freedom in establishing the parameters of their coverage universes. This makes for a lot of generalization among the...

Lessons learned. (Analyst Showcase).(Joseph Gomes Jr.)(Statistical Data Included)
March 1, 2002... CL King & Associates. Joseph Gomes Jr. AS ANYONE WHO HAS RAISED TEENAGERS CAN ATTEST, IT'S OFTEN a challenge to get them to plan for the future when the here-and-now holds so much allure. For Joe Gomes Jr., the financial lessons...

From top to bottom. (Inside Buy Side Canada).(Editorial)
March 1, 2002... It would be nice to focus on the fact that the markets are currently up, if only by a fraction. It would certainly seem like bigger news than the pitfalls of a single stock, even if that stock's company was near the top of the Fortune 500 heap...

Buyside Canada on the buy side. (Buy Side Canada Insights & Coneerence Calendar).(Brief Article)
March 1, 2002... BMO Nesbitt Burns grew its commitment to its Merchant Banking line of business with the hiring of four employees in its offices in New York, Chicago and Toronto. Tim Bowman joins BMO Nesbitt Burns as executive managing director in Toronto and...

Conference calender.
March 1, 2002... Treasury Management Association of Canada FINANCIAL RISK MANAGEMENT FOR THE NEW MILLENNIUM This seminar covers forwards and futures markets, option pricing, transacting and valuing interest-rate swaps, caps, floors, collars and...

Concerning earnings: Juliette John/Bissett funds. (Money Manager Profile).
March 1, 2002... Juliette John has an appreciation for the finer cultural arts and the measure of time that accompanies the perfection of these skills. As a vice president and portfolio manager of Bissett Dividend Income Fund, she is committed to a...

Starting small with incentives and significant hardship, much needed medical devices and technology companies struggle to gain a foothold.
March 1, 2002... Because of its relatively small size, the Canadian medical devices market hardly qualifies as a separate sector. It tends to be followed, almost as a sideline, by biotech analysts. Much of Canada's biotech and medical device activity is...

Glory days: Longing for the Halcyon days of the late 1990s U.S. telecom industry? the answer may be on the home front. (Telecommunications).(Brief Article)(Industry Overview)
March 1, 2002... Flashback: It's 1999 and the U.S. telecom industry is at its zenith. No returns are too high. You sing "We're in the Money" while brushing your teeth each night. Wouldn't it be great to go back and snatch some of those big returns again?...

Take the a train: Railroad companies shine in the transportation sector, but will demand continue, and will revenues follow? (TRANSPORTATION).(Brief Article)
March 1, 2002... While North America waits for the arrival of an economic turnaround like anxious passengers huddled in a station, those trains keep outdistancing the other modes of transport in the transportation sector. Railroads in both the U.S. and Canada...