FRX Forest Road Acquisition Corp

MORNING UPDATE: Man Securities Issues Alerts for TXN, RAD, MYL, FRX, and GILD CHICAGO, June 25 /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 TXN, RAD, MYL, FRX, and GILD, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "The market is still pricing in a 25 basis point tightening at the June 30 meeting." -- Joseph Shatz, government strategist, Merrill Lynch New PriceWatch Alerts for TXN, RAD, MYL, FRX, and GILD... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS ----------- -- Texas Instruments Inc. (NYSE:TXN) Last Price 24.11 - OCT 22.50 CALL OPTION@ $2.75 -> 5.3 % Return assigned* -- Rite Aid Corp. (NYSE:RAD) Last Price 5.38 - OCT 5.00 CALL OPTION@ $0.60 -> 4.6 % Return assigned* -- Mylan Laboratories Inc. (NYSE:MYL) Last Price 21.14 - OCT 20.00 CALL OPTION@ $2.00 -> 4.5 % Return assigned* -- Forest Labs (NYSE:FRX) Last Price 57.55 - NOV 55.00 CALL OPTION@ $5.80 -> 6.3 % Return assigned* -- Gilead Sciences Inc. (NASDAQ:GILD) Last Price 64.66 - AUG 65.00 CALL OPTION@ $3.10 -> 5.6 % 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 Overseas markets have put on a different face from prior sessions during this time frame as just six of the 15 markets that we track are positive. The cumulative average return on the group stands at a minus 0.036 percent. It would seem that the reason for semi somber countenance is the somewhat disappointing business sentiment survey out of Germany. The June Ifo survey declined to 94.6 from May's 96.0 mark and failed to live up to expectations for a 96.4 reading. The results hint at a shaky economic recovery in the Euro-Zone's largest economy. The business climate in all sectors of the economy analyzed, primarily manufacturing, construction, wholesale and retail, deteriorated in June. Sentiment in the retail sector was hit especially hard, with the index down to minus 29.3 from minus 22.0 in May. The figures bring up the concern that domestic demand is too frail to compensate for any potential decline in global growth. It was a solid week for the Japanese markets as the Nikkei advanced by 3.5 percent on the week and is higher on the calendar year by an impressive 10.34 percent. Before the market open today, the First Quarter Final Gross Domestic Product is seen holding at plus 4.4 percent, matching the preliminary estimate of plus 4.4 percent. Additionally First Quarter Revised Corporate Profits will be released. While no estimate is offered up on this number, the previous estimate stood at plus 1.4 percent. At 9:45 a.m., the Final June University of Michigan Sentiment Index is expected to slip only slightly to 95.0 from the initial reading of 95.2. Should the result come in according to expectations its will best the May reading of 90.2. Finally at 10:00 a.m., May Existing Home Sales are expected to have declined by 2.0 percent, reversing most of April's 2.5 percent rise. It might be interesting to mention here that yesterday we learned that New-home sales in May soared to a record level, posting its highest increase in 11 years. Single-family home sales rose 14.8 percent to a seasonally adjusted annual rate of 1.369 million. The increase was the sharpest since a 16.4 percent jump in April 1993. 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 Sometimes, it's better to hold off on decisions in order to reap the rewards later. Just ask Mark Benioff - CEO of San Francisco-based dotcom company Salesforce.com. On the verge of going public last month, it emerged that Benioff apparently violated some rules by discussing Salesforce's prospectus in a New York Times article. Rather than forge ahead and risk any negative publicity, Benioff decided to postpone Salesforce's IPO to allow for a "cooling" period. Salesforce debuted on the stock exchange Wednesday morning, springing out of the gate to open at $15 per share on volume of six million -- well above its original filing of $7.50 to $8.50. In doing so, it became just the 11th IPO out of 88 this year to price above its filing range. Such a strong performance also confirms the popularity of the technology sector nowadays, given that Salesforce and many of its dotcom peers are banishing the negative stereotype associated with dotcoms by actually turning a profit! For the three months to April 30, 2004, Salesforce's revenues soared 84% to $34.8 million, resulting in an 18.7% net income rise, compared with the same period in 2003. This also sets the stage for other Internet-based IPO's, not least of which is Google's massive $2.7 billion debut slated for later this year. The editorial team has prepared a special FREE REPORT for you - "America's 1,300 Fastest-Growing Companies." You can access it immediately by following this link: http://www.investorsobserver.com/agora1 TODAY'S ECONOMIC CALENDAR 8:30 a.m.: First Quarter Final Gross Domestic Product (preliminary estimated at plus 4.4 percent). 8:30 a.m.: First Quarter Revised Corporate Profits (previously estimated at plus 1.4 percent). 9:45 a.m.: June Final University of Michigan Sentiment Index (initial reading 95.2). 10:00 a.m.: May Existing Home Sales (last plus 2.5 percent). Man Financial Inc is one of the world's major futures and options brokers and has been recognized as a leading option order execution firm for individuals and institutions. Member CBOE/NASD/SIPC (CRD#6731). For more information and a free CD with educational tools to help you invest smarter, see http://www.investorsobserver.com/mancd 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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