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First Union Securities' Senior Analyst, Rich Church, Initiates Coverage on Communications Equipment Industry --Senior analyst defines this market as companies that focus on the enterprise, edge and access portions of the Next Generation Network BALTIMORE--First Union Securities announced today the initiation of coverage on communications equipment companies that enable the building of next-generation intelligent networks. Rich Church, Senior Communications Equipment Analyst, and his team have identified key trends and investment opportunities in this sector. Church’s initiation on the next generation broadband equipment group extends First Union’s coverage of the communications equipment space, where analyst Steve Koffler has focused on the optical networking sector. "We expect movement to the Next Generation Network to be evolutionary and see tremendous growth opportunities as the network evolves,” said Church. “Rather than predicting which technologies will win, we believe it is important to look at the overall trends and the equipment companies with the right vision and direction.” Today Church initiated coverage on the following stocks:
In addition, Church and his team have published a major industry report detailing the opportunities in this sector. To receive a copy of Church’s 76-page industry report, entitled “Building Next Generation Intelligent Networks,” please contact your First Union Securities investment representative or Suman Blake(suman.blake@funb.com). First Union (NYSE:FTU), with $253 billion in assets and stockholders' equity of $16 billion at March 31, 2001, is a leading provider of financial services to 15 million retail and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices in 11 East Coast states and Washington, D.C., and full-service brokerage offices in 47 states and internationally. Online banking products and services can be accessed through www.firstunion.com. Important Notice: First Union Securities is the trade name under which Charlotte based First Union Corporation conducts its investment banking, merger and acquisition, asset management and mutual fund, brokerage and insurance businesses. First Union Securities includes: (1) First Union Securities, Inc. (“FUSI”), a registered broker-dealer and member NYSE/NASD and SIPC providing investment banking, merger and acquisition advisory and brokerage services to corporations, individuals and other institutions throughout the United States; (2) First Clearing Corporation (“FCC”), a separately registered broker-dealer and member NYSE/NASD and SIPC, providing securities clearance and settlement services; (3) First Union Securities Financial Network Inc., a separately registered broker-dealer and member of the NASD and SIPC providing full service brokerage services; (4) the Capital Markets and Capital Management Groups within First Union National Bank (“FUNB”), a national banking association, and its subsidiaries, providing asset management, lending, structured finance, risk management, derivatives, and fiduciary services to institutions and individuals; (5) various subsidiaries within First Union Corporation providing investment advisory, administrative and other services to the Evergreen and Mentor families of mutual funds; and (6) various wholly-owned state insurance agencies. Stocks, bonds, mutual funds or other securities offered or sold through First Union Corporation or any of its bank or non-bank subsidiaries are not deposits of any bank and are not insured, guaranteed or otherwise protected by the Federal Deposit Insurance Corporation or any other government agency; are not endorsed or guaranteed by First Union Corporation, FUNB or any bank; and involve investment risk, including possible loss of principal. |
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