Zacks Issues Sell Recommendations On the Following 4 Stocks:

 Atlantic Coast Airlines Holdings, Unibanco,
General Electric and Tellabs 
Business Editors 
CHICAGO--(BUSINESS WIRE)--Jan. 20, 2003--Zacks.com releases
details on a group of stocks that are part of their exclusive list of
Stocks to Sell Now. These stocks are currently rated as a Zacks Rank
#5 (Strong Sell). Note that since the Zacks Ranks inception in 1980,
the list of #5 ranked stocks have under-performed the S&P 500 by
89.8%. While the rest of Wall Street continued to tout stocks during
the market declines of the last few years, we were telling our
customers which stocks to sell in order to save themselves the misery
of unrelenting losses. Among the #5 ranked stocks today we highlight
the following companies: Atlantic Coast Airlines Holdings, Inc.
(NASDAQ:ACAI) and Unibanco-Uniao de Bancos Brasilieros S.A.
(NYSE:UBB). Further they announced #4 Rankings (Sell) on two other
widely held stocks: General Electric Company (NYSE:GE) and Tellabs,
Inc. (NASDAQ:TLAB). To see the full Zacks #5 Ranked list of Stocks to
Sell Now then visit: http://stockstosellprbw.zacks.com/ 
Here is a synopsis of why these stocks have a Zacks Rank of 5
(Strong Sell) and should most likely be sold or avoided for the next 1
to 3 months. Note that a #5/Strong Sell rating is applied to 5% of all
the stocks we rank: 
Atlantic Coast Airlines Holdings, Inc. (NASDAQ:ACAI) is the
holding company of Atlantic Coast Airlines and Atlantic Coast Jet,
Inc., which together are regional airlines, serving destinations in 24
states in the Eastern and Midwestern United States. Although reporting
a healthy increase in December 2002 traffic, analysts have kept ACAI's
estimates at lowered levels as the airline space continues to grapple
with one of its worst downturns in history. In the company's most
recent quarterly report from late October, ACAI reported net income,
excluding charges, that slightly missed analyst expectations as third
quarter results were lower than expected due to several "unexpected
items." Estimates for this year have held steady over the past couple
of months and are down by about 2 cents from three months back.
However, expectations for next year are down by approximately 8 cents
during that same three-month timeframe. Still, the company had a +30%
increase in revenue passenger miles (RPM) for December, as available
seat miles (ASM) improved by +5.8%. Furthermore, for the 12 months
ended December 31, RPMs and ASMs grew by 49.3% and +31.9%
respectively. But analysts will most likely not add much depth to
ACAI's earnings estimates until airlines in general show some
strength, and that will take a while longer. In the meantime,
investors may want to consider refraining from adding or strengthening
a position in ACAI and wait for a more cooperative environment. The
company will report its year-end 2002 results on January 29. 
Unibanco-Uniao de Bancos Brasilieros S.A. (NYSE:UBB) is a
Brazilian financial institution offering a wide range of financial
products and services, including retail and wholesale banking, credit
cards and insurance. Estimates for the company are significantly below
levels from three months ago, as UBB faced a very difficult 2002.
According to the company's third quarter release in November, the
Brazilian economy was impacted by the combination of a slow-down and
an increased aversion to risk by the international markets. The
intensity of the Brazilian elections also added to the problems. Such
factors put heavy pressure on UBB's earnings estimates. The past three
months have seen estimates for this year decline by about 32 cents,
while expectations for next year have eroded by approximately 22
cents. However, given the slide that it has taken, UBB could be in a
good position for a strong recovery, which would bode well for the
company and its shareholders. But, now is a good time to play it safe,
and investors should consider holding off a bit longer on a position
in UBB until analysts begin to jump back on board this financial
institution. 
Below is a synopsis of why these two stocks have a Zacks Rank of 4
(Sell) and should also most likely be sold or avoided for the next 1
to 3 months. Note that a #4/Sell rating is applied to 15% of all the
stocks we rank: 
General Electric Company (NYSE:GE) is one of the largest and most
diversified industrial corporations in the world. Due to higher losses
at the Employers Reinsurance Corporation, GE reported a -21% slide in
fourth quarter earnings, bringing the total to 31 cents from last
year's 39 cents. However, revenue in the quarter improved by +4% to
$35.4 billion. Furthermore, the company sees challenges in the future
especially for its Power Systems segment. Over the past three months,
estimates for this year and next have slumped by approximately 13
cents and 10 cents respectively. Despite the lower profit reading, GE
is one of the largest and most recognizable companies in the world,
and it still delivered solid results during this soft economy. It also
achieved a number of strategic objectives that the company says
positions itself for long-term growth. But it's probably best at this
moment to wait a little longer on a position in GE for its earnings
estimates to start moving in the right direction. 
Tellabs, Inc. (NASDAQ:TLAB) helps the world's leading
communications service providers build tomorrow's converged networks
of voice, data and video. In the company's third quarter report from
mid-October, TLAB reported a pro forma net loss, excluding charges, of
4 cents per share, which surpassed expectations by 2 cents. However,
the result missed the year-ago total of a 1-cent profit while sales
slumped to $288 million from last year's $448 million. Analysts are
anxious to get the fourth quarter and year-end numbers, which will be
released on January 22. Estimates for this year and next have remained
steady over the past two months, but are down slightly over the past
three months. Analysts still expect losses for this year and next,
with only a 1-cent improvement for next year. Nevertheless, TLAB
continues to release new and innovative products as it takes several
actions to move back to profitability, including investing in new and
existing products, improving customer relationships, and strengthening
its balance sheet, among others. The company expects to be ready to
pounce once the market recovers. But, no one seems to know when that
will occur. Therefore, it might be best to hold off on a position for
the time being and wait to see if analysts improve the company's
earnings estimates after its next report and beyond. 
To truly take advantage of the Zacks Rank, you need to first
understand how it works. That's why we created the free special
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