TNE Tele Norte Leste Participacoes S.A. Common Stock

MORNING UPDATE: Man Securities Issues Alerts for MOT, ISIL, CTXS, BMET, and TNE CHICAGO, July 2 /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 MOT, ISIL, CTXS, BMET, and TNE, Market Overview, Today's Economic Calendar, and the Quote Of The Day. QUOTE OF THE DAY "Another payroll number north of 300,000 would have to increase concerns about a more aggressive Fed activity." -- Robert Sinche, global head of currency research, Citibank New PriceWatch Alerts for MOT, ISIL, CTXS, BMET, and TNE... PRICEWATCH ALERTS - HIGH RETURN COVERED CALL OPTIONS -- Motorola Inc. (NYSE:MOT) Last Price 18.18 - AUG 18.00 CALL OPTION@ $1.10 -> 5.4 % Return assigned* -- Intersil Corp. (NASDAQ:ISIL) Last Price 19.30 - AUG 20.00 CALL OPTION@ $0.95 -> 9 % Return assigned* -- Citrix Systems Inc. (NASDAQ:CTXS) Last Price 19.16 - SEP 17.50 CALL OPTION@ $2.40 -> 4.4 % Return assigned* -- Biomet Inc. (NASDAQ:BMET) Last Price 45.56 - OCT 45.00 CALL OPTION@ $2.40 -> 4.3 % Return assigned* -- Tele Norte Leste Participacoes (NYSE:TNE) Last Price 13.15 - OCT 12.50 CALL OPTION@ $1.40 -> 6.4 % 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 are looking a bit depressed this morning as just two of the 15 markets that we track are currently showing positive. The cumulative average return on the group stood at a minus 0.385 percent. The prime culprit in driving the average lower was the 1.47 percent drubbing suffered by the Nikkei overnight. The index gapped lower on the lightest volume in some four months. On the week however, the index declined by less than one-half of a percentage point and remains 9.79 percent higher on the year. The single most important piece of economic data will be released this morning before the opening bell. At 8:30 a.m., U.S. employers are expected to have created 250,000 fresh Non-farm jobs in June on top of the 248,000 added in May. The June Unemployment Rate is expected to have held flat with May's 5.6 percent. At 10:00 a.m., May Factory Orders are expected to have improved to a minus 0.5 percent from April's 1.7 percent decline. This is a fairly volatile report and typically does not move the market. The Bond Market Association has recommended an early close for U.S. fixed income markets ahead of Independence Day Holiday on Monday, so make sure your positions are squared by 2:00 p.m. In an effort to do the bond traders one better, trading in the oil pit will cease at 1:00 p.m. today. Friday, it seems, is an earnings free zone this week. 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 With the Federal Reserve's long-awaited interest rate hike finally implemented, investors were in fierce selling mood on Thursday. With jobless claims rising 1,000 to 351,000 last week, the market wavered ahead of today's June job report. With the July 4 holiday coming up and the markets closed Monday, it will be interesting to see how the job data affects the market. Expect activity to come from the report, rather than any pre-holiday buying/selling sentiment. At the Taipan Group's Money-Flow Matrix Trader investment service, chief market analyst Brit Ryle says with the Fed's decision done, stocks could now be poised for a bullish run between now and second quarter earnings releases, which get underway very shortly. Ryle states: "Early indications suggest earnings will be good. The ratio of raised guidance to lowered guidance is at the best level in 20 years." Elsewhere, Time Warner entered the MGM bidding war Thursday morning, tabling a $5 billion bid. Bad news for Sony, who, for the past two months, has failed to broker a deal because of financial complications. MGM shares rose $0.56 (4.6%) Thursday to close at $12.66. Following a March 16 recommendation to buy MGM shares at $17.50, Taipan's Profit Hog team walked away with 18-20%, including the company's one-off, tax-free $8 dividend. Receive incisive economic/market commentary, profitable advice and access to a network of leading investment exports. Simply follow this link: http://www.investorsobserver.com/agora2 TODAY'S ECONOMIC CALENDAR 8:30 a.m.: June Unemployment Rate (last 5.6 percent). 8:30 a.m.: June Non-farm Payrolls (last plus 248,000). 9:40 a.m.: June ECRI Inflation Gauge (last 117.5). 10:00 a.m.: May Factory Orders (last minus 1.7 percent). FYI: Bond Market Association recommends early close for U.S. fixed income markets ahead of Independence Day Holiday on Monday. 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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