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Date

Company Name

Name1
emailaddress1

Industry

Name2
emailaddress2
This report is published for informational purposes only by the
students of the University of Lausanne.
etc.

Student Research Report


Ticker:
Price:

Recommendation:
Price Target: $

Earnings/Share

2009A
2010A
2011E
2012E

Mar.

Jun.

Sept.

Dec.

Year

$0.00
0.00
0.00
0.00

$0.00
0.00
0.00
0.00

$0.00
0.00
0.00
0.00

$0.00
0.00
0.00
0.00

$0.00
0.00
0.00
0.00

P/E
Ratio
0.0x
0.0
0.0
0.0

Highlights (Heading: Times New Roman 14 Bold)

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HECUniversityofLausanneImportantdisclosuresappearatthebackofthisreport

HECUniversityofLausanne:ResearchReport
Daily Stock Price
$60
$50
$40
$30
$20
$10
$0

Market Profile
52 Week Price Range
Average Daily Volume
Bet a
Dividend Yield (Estimated)
Shares Outst anding
Market Capitalizat ion
Institutional Holdings
Insider Holdings
Book Value per Share (12/31/03)
Debt to T otal Capital
Ret urn on Equit y

Business
(Heading: Times New Roman 14 Bold)

Description

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Figure 1: OPTIONAL Graph/Table Heading: Times New Roman 9 Bold
Graph / table explanation / summary: Times New Roman 8 normal (gray 80%)

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50
T
April 27, 2000
AT&T issues 360mshares of
AT&T Wireless Group
tracking stock at
$29.50/share. Starts trading
under the ticker AWE

45
40

35

J uly 9, 2001
All AT&T Wireless Group shares
converted into AT&T Wireless
Services (AWE) on 1-on-1basis.
AT&T shareholders issued 1.136bn
AWE shares as stock dividend. AWE
becomes independent, publicly
traded company

30

AWE

December 24, 2001


AT&T sells remaining
stake in AWE for $3bn

25
20

15
10

October 25, 2000


AT&T announces plans to
create a separate company
for its mobile operations,
named AT&T Wireless
Services (AWE)

0
J an-00

M ay, 2001
AT&T completes exchange offer,
allowing shareholders to exchange 1
AT&T share for 1.176 shares in AWE.

J an-01

J an-02

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Industry Overview (Heading: Times New Roman 14 Bold)

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Other Headings Relevant to Company (Heading: Times New


Roman 14 Bold)
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Competitive Positioning

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Earnings Forecasts and Analysis

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Valuation and Price Target

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Risks to Your Price Target
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Investment Risks

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Investment Summary

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Exhibit 1: Industry valuation ratios

Present valuation ratios for selected comparable firms, both current earnings and also based on projected earnings for the next two or three years.

Exhibit 2: Summary of income statement and Balance Sheet for the past three to five years

$ in millions

Exhibit 3: Selected financial ratios for the company for the past three to five years-Include Dupont analysis to support any
inferences that you may draw about the trends in company performance and how it may be reflected in earnings forecasts

Exhibit 4: Earnings forecasts and DCF analysis similar to the Walmart analyis Present your assumptions and
justifications

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Disclosures:

Ownership and material conflicts of interest:


The author(s) of this report, or a member of their household, holds/does not hold a financial interest in the securities of this company.
The author(s) of this report, or a member of their household, knows/does not know of the existence of any conflicts of interest that might bias the
content or publication of this report. The conflict of interest is
Receipt of compensation:
Compensation of the author(s) of this report is not based on investment banking revenue.
Position as an officer or director:
The author(s), or a member of their household, serves as an officer, director or advisory board member of the subject company.
Market making:
The author(s) does not act as a market maker in the subject companys securities.
Disclaimer:
The information set forth herein has been obtained or derived from sources generally available to the public and believed by the author(s) to be
reliable, but the author(s) does not make any representation or warranty, express or implied, as to its accuracy or completeness. The information is
not intended to be used as the basis of any investment decisions by any person or entity. This information does not constitute investment advice,
nor is it an offer or a solicitation of an offer to buy or sell any security. This report should not be considered to be a recommendation by any
individual affiliated with University of Lausanne with regard to this companys stock.

Template adapted from materials from the New York Society of Security Analysts.

HECUniversityofLausanne

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