FCS Fairchild Semiconductor International, Inc. (MM)

MORNING UPDATE: Man Securities Issues Alerts for SNDK, PMCS, LEXR, FCS, and UIS CHICAGO, July 16 /PRNewswire/ -- Man Securities issues the following Morning Update at 8:30 AM EDT with new PriceWatch Alerts for key stocks. (Logo: http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO ) Before the open... PriceWatch Alerts for SNDK, PMCS, LEXR, FCS, and UIS, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "The IBM team delivered another fine quarter. We are confident about our prospects going forward." -- Samuel J. Palmisano, chairman and chief executive officer, IBM New PriceWatch Alerts for SNDK, PMCS, LEXR, FCS, and UIS... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- SanDisk Corp. (NASDAQ:SNDK) Last Price 24.09 - OCT 22.50 CALL OPTION@ $3.20 -> 7.7 % Return assigned* -- PMC-Sierra Inc. (NASDAQ:PMCS) Last Price 11.75 - NOV 10.00 CALL OPTION@ $2.65 -> 9.9 % Return assigned* -- Lexar Media Inc. (NASDAQ:LEXR) Last Price 6.54 - AUG 5.00 CALL OPTION@ $1.75 -> 4.4 % Return assigned* -- Fairchild Semiconductor International Inc. (NYSE:FCS) Last Price 14.50 - AUG 15.00 CALL OPTION@ $0.70 -> 8.7 % Return assigned* -- Unisys Corp. (NYSE:UIS) Last Price 10.53 - OCT 10.00 CALL OPTION@ $1.00 -> 4.9 % Return assigned* * To learn more about how to use these alerts and for our FREE report, "The 18 Warning Signs That Tell You When To Dump A Stock", go to: http://www.investorsobserver.com/mu18 (Note: You may need to copy the link above into your browser then press the [ENTER] key) ** For the FREE report, "The Secrets of Smart Election Year Investing - Insights, Stocks, And Strategies." go to: http://www.investorsobserver.com/FREEelection NOTE: All stocks and options shown are examples only. These are not recommendations to buy or sell any security. MARKET OVERVIEW Earnings season is in full swing and IBM came to the plate and beat analyst forecasts by four cents last night. For the second-quarter Big Blue earned $1.16 a share on revenues of $23.2 billion. The shares initially popped higher by about one-percent but fell back to near unchanged after investors realized that the sales numbers were beneath the $23.35 billion that was expected. CFO Mark Loughridge did support forecasts for the remainder of the year and added that the IT industry should have its best year since 2000. The dollar gained on the euro and hit one-month highs against the yen yesterday after a regional manufacturing report illustrated stronger-than- expected growth, changing perceptions of a slowing U.S. economy. All eyes will be on the CPI report, which is due out at 8:30 a.m. this morning. The consensus is for the report to come in at a 0.2-percent advance versus last period's 0.6-percent increase. The only other economic report on tap for today is the July preliminary University of Michigan Consumer Confidence Index at 10:00 a.m. Economists are expecting the results to come in at 97.0 above last period's 95.6. Be prepared for the investing week ahead with Bernie Schaeffer's FREE Monday Morning Outlook. For more details and to sign up, go to: http://www.investorsobserver.com/freemo DYNAMIC MARKET OPPORTUNITIES While terrorism that causes physical death and destruction is deplorable, an equally shameful offense is the white-collar crime that claimed ten million victims in the United States alone last year, robbing them of $50 billion. The fight against the rapidly-growing epidemic of identity theft gained momentum yesterday with President George Bush signing a bill that requires stiff jail terms for criminals convicted of using or selling fake identities to commit terrorist acts and various other crimes. This promises to be good for consumers, America and, naturally, the companies spearheading the campaign to wipe it out. After all, the criminals that prey on often unsuspecting victims and run up thousands of dollars in costs are, as Bush said, literally "stealing financial reputations" by damaging credit ratings. As a sign of the bill's importance, it passed thanks to bipartisan sponsors from lawmakers including Republican James Sensenbrenner and Democrat Dianne Feinstein. Specifically, it aims to eradicate leniency on the part of judges tempted to hand out probation sentences, concurrent sentences, or reduced sentences for identity theft. With the bill giving the judicial wing more freedom to punish this type of crime, part of the bill includes a law imposing compulsory five- year prison terms for felons convicted of manufacturing/selling fake IDs to help terrorists. In other non-terrorism-related cases, a two-year jail sentence would apply. The Value Edge group has written a special report on the growing problem of identity theft in America. Read the FREE REPORT here immediately: http://www.investorsobserver.com/agora5 TODAY'S ECONOMIC CALENDAR 8:30 a.m.: June Consumer Price Index (CPI Last plus 0.6 percent). 8:30 a.m.: June Consumer Price Index, less food and energy (last plus 0.2 percent). 9:00 a.m.: Fed Gov Bies speaks on corporate governance at conference in Chicago. 9:45 a.m.: July Preliminary University of Michigan Consumer Confidence Index (last 95.2). Man Securities is one of the world's leading option order execution firms. Man's in-house broker team offers a level of personal service and experience unavailable from no-frills discount brokers. To improve your understanding of option pricing get Man's FREE "Margin/Option Wizard software at: http://www.investorsobserver.com/mancd . Member CBOE/NASD/SPIC. This Morning Update was prepared with data and information provided by: InvestorsObserver.com -- Better Strategies for Making Money -> For Investors With a Sense of Humor. Only $1 for your first month plus seven free bonuses worth over $420, see: http://www.investorsobserver.com/must 247profits.com: You'll get exclusive financial commentary, access to a global network of experts and undiscovered stock alerts. Register NOW for the FREE 247profits e-Dispatch. Go to: http://www.investorsobserver.com/agora Schaeffer's Investment Research -- Sign up for your FREE e-weekly, Monday Morning Outlook, Bernie Schaeffer's look ahead at the markets. Sign Up Now http://www.investorsobserver.com/freemo PowerOptionsPlus -- The Best Way To Find, Compare, Analyze, and Make Money On Options Investments. For a 14-Day FREE trial and 5 FREE bonuses go to: http://www.poweroptionsplus.com/ All stocks and options shown are examples only. These are not recommendations to buy or sell any security and they do not represent in any way a positive or negative outlook for any security. Potential returns do not take into account your trade size, brokerage commissions or taxes which will affect actual investment returns. Stocks and options involve risk and are not suitable for all investors and investing in options carries substantial risk. Prior to buying or selling options, a person must receive a copy of Characteristics and Risks of Standardized Options available from Sharon at 800-837-6212 or at http://www.cboe.com/Resources/Intro.asp . Privacy policy available upon request. http://www.newscom.com/cgi-bin/prnh/20020214/MANSECLOGO http://photoarchive.ap.org/ DATASOURCE: Man Securities CONTACT: Michael Lavelle of Man Securities, +1-800-837-6212 Web site: http://www.mansecurities.com/mu.html

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