Zacks Sell List Highlights ADE, Delphi, Alvarion, and UTStarcom

Business Wire, July 12, 2005

CHICAGO -- Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List - Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): ADE Corporation (NASDAQ:ADEX) and Delphi Corporation (NYSE:DPH). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Alvarion Ltd. (NASDAQ:ALVR) and UTStarcom, Inc. (NASDAQ:UTSI). To see the full Zacks #5 Rank List - Stocks to Sell Now visit: http://at.zacks.com/?id=92

Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List -- Stocks to Sell Now by 155.5% annually (11.88% vs. 4.65% respectively). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid.

Here is a synopsis of why ADEX and DPH have a Zacks Rank of 5 (Strong Sell) and should most likely be sold or avoided for the next one to three months. Note that a #5 Strong Sell rating is applied to 5% of all the Zacks ranked stocks:

ADE Corporation (NASDAQ:ADEX) recently provided fiscal first-quarter guidance for earnings of 14-17 cents per share. Last week, the consensus estimate had called for profits of 35 cents per share. ADE CEO Chris Koliopoulos attributed the lower-than-anticipated guidance to a delay in shipping a multi-million dollar order caused by a "temporary supply issue."

Delphi Corporation (NYSE:DPH) is projected to post a loss of 47 cents this quarter; 30 days ago, the consensus estimate called for a loss of 44 cents per share. Three analysts have revised their projections lower over the past month, despite strong sales by General Motors -- Delphi's largest customer. DPH has missed expectations during two out of the past three quarters.

Here is a synopsis of why ALVR and UTSI have a Zacks Rank of 4 (Sell) and should also most likely be sold or avoided for the next one to three months. Note that a #4 Sell rating is applied to 15% of all the stocks ranked by Zacks:

Alvarion Ltd. (NASDAQ:ALVR) issued preliminary second quarter results last week. The company expects to report a non-GAAP loss of 4-6 cents per share on August 3. Prior to the preannouncement, analysts had been expected a non-GAAP profit of three cents per share. ALVR blamed the poor performance on projects being delayed by customers for reasons such as "budget adjustments" and slower-than-expected installations.

UTStarcom, Inc. (NASDAQ:UTSI) has seen analysts' forecasts for its full year earnings plunge. Three months ago, analysts were anticipating profits of $1.20 per share. Currently, analysts are projecting a loss of five cents per share. The most recent estimate represents a negative revision of three cents from seven days ago and a negative revision of 20 cents from one month ago.

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About the Zacks Rank

For over 17 years, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank stocks have generated an average annual return of 32.8%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained 43.8%, while the S&P 500 tumbled 37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have underperformed the S&P 500 by 155.5% annually ( 4.65% vs. 11.88%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

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