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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (24732)	6/29/2000 3:18:00 PM
From: Lee Lichterman III	of 42787

To: L3_aka_L3 who wrote (5709) From: Patrick Slevin Thursday, Jun 29, 2000 3:12 PM ET Respond to Post # 5711 of 5712 Cut by Salomon Market Pulse Last Update: 3:06 PM ET Jun 29, 2000: NewsWatch Indications ADR Report Thursday, June 29, 2000 Compaq cut by Salomon --3:06 pm - By Michael Baron Compaq Computer Corp. (CPQ: news, msgs) is falling 3 1/16, or 10.7 percent, to 25 7/16 on news that Salomon Smith Barney has cut its rating on the stock to "neutral" from "buy." The firm also lowered its price target to $25 from $45, citing second quarter revenue and channel inventory concerns. The downgrade came late in the trading session and it got an instant reaction. At roughly 2:30 pm, the stock was trading at around $28 a share before heavy selling hit as news of the change spread.

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