Bear Stearns makes changes to focus list

Nashville, Tenn., Jan 10 - Bear Stearns & Co.'s convertible research team made several changes to their Focus List this month, incorporating many of the firm's equity analysts' top picks for 2002 that have convertible debt outstanding.

Five names are removed from the yield section: Adaptec Inc. 4.75% due 2004, Healthsouth Rehabilitation 3.25% due 2003, Omnicare Inc. 5% due 2007, Petsmart Inc. 6.75% due 2004 and Sunrise Assisted Living Inc. 5.50% due 2002.

Added were LSI Logic Corp. 4% due 2005 and Emcore Group 5% due 2006.

Deleted from the equity and total return section were American Tower Corp. 6.25% due 2009, Glenborough Realty Trust Inc. $1.94 Series A convertible preferred, Scandinavian Broadcasting 7% due 2004, Solectron Corp. 0% due 2019, and XL Capital Ltd. 0% due 2021

Additions to those sections were Brinker International Inc. 0% due 2021, Carnival Corp. 2% due 2021, Equity Office Properties $2.625 Series B convertible preferred, First Data Corp. 2% due 2008, Gilead Sciences 5% due 2007, Legg Mason, Inc. 0% due 2031, TJX Cos. 0% 2021, Shire Finance 2% due 2011 and SPX Corp. 0% due 2021.

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