Eric Ross of Thomas Weisel LOVES AMD - but his management thinks otherwise !!!
Look what company they put in their Investment Trust !!!
investor.cnet.com
Thomas Weisel Partners Announces First Unit Investment Trust
1/17/02 9:43 AM
Source: PR Newswire
SAN FRANCISCO, Jan. 17 /PRNewswire/ -- Thomas Weisel Partners, a merchant bank exclusively focused on the growth sectors of the economy, announced today the launch of its first unit investment trust offering a selection of growth equities with the potential for long-term sustainable earnings. The product, named E.G.L.S (Equity Growth Long-Term Selections), will be marketed by sponsor, Nike Securities L.P., and seeks to deliver above-average capital appreciation, growth potential and diversification.
The E.G.L.S. portfolio contains 16 equities that were selected by Thomas Weisel Partners' Growth Strategy Group and the firm's Market Equity Strategy Committee according to the following criteria:
Durable and defensible earnings growth outlook;
Growth stocks with "franchise" earnings staying power;
Companies with management and institutional investor sponsorship;
Earnings outlook that could benchmark favorably against leading market indices over the life of the trust.
The stocks were selected across the 373 names under research coverage and six industries including Consumer and Business Services, Communications Equipment & Enterprise Hardware, Healthcare, Industrial Technology, Media and Telecom Services, and Software. The 16 stocks, weighted approximately equally and distributed across market capitalization size, include Analog Devices (NYSE: ADI)($47.95; Cap $18.3 bn; Buy), Broadcom (Nasdaq: BRCM)($48.80; Cap $12.4 bn; Buy), Intel (Nasdaq: INTC)($35.79; Cap $246.1 bn; Mkt Perform), KPMG Consulting (Nasdaq: KCIN) ($18.30; Cap $2.9 bn; Buy), Nortel (NYSE: NT) ($8.58; Cap $27.4 bn; Buy), Sanmina (Nasdaq: SANM) ($22.15; Cap $11.7 bn; Strong Buy) and Sprint PCS (NYSE: PCS) ($22.45; Cap $22.3 bn; Strong Buy); Affymetrix (Nasdaq: AFFX) ($39.94; Cap $2.3 bn; Buy), DIANON Systems (Nasdaq: DIAN) ($52.47; Cap $653 mn; Buy), Forest Laboratories (NYSE: FRX) ($78.18; Cap $14.5 bn; Buy), PerkinElmer (NYSE: PKI) ($36.22; Cap $3.9 bn; Strong Buy), Techne (Nasdaq: TECH) ($36.37; Cap $1.5 bn; Buy) and Zoll Medical (Nasdaq: ZOLL) ($35.05; Cap $319 mn; Strong Buy); PepsiCo (NYSE: PEP) ($48.36; Cap $87.9 bn; Attractive), Tiffany (NYSE: TIF) ($32.51; Cap $4.9 bn; Buy) and Univision (NYSE: UVN) ($41.75; Cap $10.0 bn; Buy).
"Investing in growth is an important component of a diversified long-term investment strategy. We believe growth equities will outperform fixed income equivalents in 2002, ending their two-year losing streak particularly as interest and inflation rate levels are now favorable for growth equities," said David Readerman, Growth Equity Strategist at Thomas Weisel Partners.
The Unit Investment Trust is a packaged product that holds a fixed portfolio of stocks, bonds or other securities. Investors purchase units of the trust which represent an undivided ownership in the entire portfolio, saving the investor from having to purchase the securities individually. Upon maturity (which in the case of E.G.L.S. is 15 months) investors typically have three options: they can take their proceeds in cash, reinvest their proceeds into a new series, if offered, or (if 2500 units are owned) take an in-kind distribution of the individual shares of stock in the portfolio to defer a taxable event. E.G.L.S. is supervised by First Trust Advisors L.P., an affiliate of the sponsor, Nike Securities L.P., and will be marketed to registered financial advisors, regional broker-dealers, super-regionals and wire houses.
About Nike Securities, L.P.
Since its inception in 1991, Nike Securities L.P. has focused on its mission to be the most innovative packaged-product solutions provider in the financial services industry. Nike Securities sponsors the First Trust(R) line of unit investment trusts, which was created in 1974. Since 1974, approximately 2,500 First Trust(R) products have been deposited, providing customers all over the world with strategically diverse investment opportunities. First Trust(R) Portfolios are available in many asset classes for packaged products which include 401(k), variable annuity and fee based accounts.
Thomas Weisel Partners is a research-driven merchant bank providing investment banking, institutional brokerage, private client services, private equity investing and asset management exclusively focused on the growth sectors of the economy. The team at Thomas Weisel Partners has 680 employees, including 70 partners, and is headquartered in San Francisco with additional offices in New York, Boston, Menlo Park and London.
To learn more about this investment, request a free prospectus by calling: 1-800-621-1675 ext. 1 for more complete information, including sales charges, expenses and a discussion of the risks inherent in equity investments, including the risk that the issuers of the equities or the general condition of the stock market may worsen, and that units may be worth more or less than their original cost at the time of their redemption. Additionally, the portfolio is concentrated in stocks in the biotechnology/pharmaceutical and technology industries. These companies are subject to fierce competition, substantial research and development costs, government regulations, pricing constraints, and their products and services may be subject to rapid obsolescence. Read it carefully before you invest or send money.
The following is being issued by Thomas Weisel Partners, a member of the National Association of Securities Dealers, CRD number 46237. |
