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Non-Tech : E4L, Inc. (NYSE: ETV)

ETV 14.22

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To: Donald A. Kerper who wrote (157)	7/1/1997 4:04:00 PM
From: Todd D. Wiener	of 1080

RESEARCH ALERT - National Media cut Reuters Story - July 01, 1997 10:26 NEW YORK, July 1 (Reuter) - J.P. Morgan said it downgraded National Media Corp to market performer from buy. -- said after the market closed on Monday, National Media said it will postpone reporting its results for the fourth quarter and fiscal year until July 15. For the year ended March 31, National Media expects to post a pre-tax loss of $40-$45 million, including one-time charges. -- said National Media also expects to receive a "going concern" opinion from its auditors. -- said cannot recommend purchase of National Media until there is more information about the auditor's concerns. -- National Media lost 11/16 to 5-13/16.

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