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Technology Stocks : AWARE
AWRE 1.955+5.7%Jan 2 9:30 AM EST
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To: max power who wrote (1851)2/3/2001 3:26:01 AM
From: Scrapps   of 2404
 
RESEARCH ALERT - Merrill cuts Alcatel rating
Merrill Lynch said on Friday that it was cutting its rating on French telecoms equipment firm ALCATEL to "intermediate-term accumulate" from "buy." Merrill said it believed Alcatel will face a more difficult year than anticipated in DSL, circuit switching and terrestrial optics. It also reduced 2001 earnings per share by 16 percent to 1.70 euros from 2.20 (excluding goodwill). It lowered its price objective to 75 euros from 85 euros, to reflect the new EPS assumptions. (Reuters 05:06 AM ET 02/02/2001)
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