TMT summary recommendations...................................4
Telecom Sector
Telecom relative value......................................................6
Telecom technicals ...........................................................7
Telecom ratings ................................................................8
Telecom equity performance .........................................10
Companies
AT&T Inc. .......................................................................12
CenturyTel .....................................................................18
Citizens Communications .............................................24
Cricket Communications...............................................30
Embarq ..........................................................................36
Qwest Communications International ............................42
Rogers Communications ..............................................48
Sprint Nextel Corporation.............................................54
TELUS Corporation.......................................................60
Verizon Communications .............................................66
Windstream Corp. .........................................................72
Media Sector
Media relative value........................................................80
Media technicals .............................................................81
Media ratings ..................................................................82
Media equity performance .............................................83
Companies
Belo Corp. ......................................................................84
CBS Corporation ..........................................................90
Comcast Corporation....................................................96
Gannett Company, Inc. ...............................................102
Interactive Corp...........................................................108
McClatchy Co. .............................................................114
The McGraw-Hill Companies, Inc...............................120
News Corporation.......................................................126
New York Times..........................................................132
Time Warner Cable .....................................................138
Time Warner Inc..........................................................144
Viacom Inc. ..................................................................150
The Walt Disney Company .........................................156
Technology Sector
Technology relative value ..........................................163
Technology summary of financial comparison........................................................164
Technology technicals ................................................166
Technology ratings .....................................................167
Technology equity performance .............................................168
Companies
Arrow Electronics........................................................170
CA Inc.............................................................176
Cisco Systems .............................................................182
Computer Sciences .....................................................188
Corning Inc. .................................................................194
Deluxe Corp.................................................................200
Electronic Data Systems .............................................206
Expedia ........................................................................212
Hewlett-Packard. .........................................................218
IBM Corp......................................................................224
Motorola ......................................................................230
Oracle Corp..................................................................236
Seagate Technology ...................................................242
Sun Microsystems ......................................................248
TMT Recent Research......................................................254
