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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 474.82

-0.8%

3:59 PM EST

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To: Susan G who wrote (594)	6/12/2001 8:21:58 AM
From: keithcray	of 26752

08:18 ET Avici Systems (AVCI) 8.80: SG Cowen downgrades to a NEUTRAL from Buy due to a cautious outlook on the core router market; cites concerns that overbuilt capacity will slow need for higher-density solutions, and notes Juniper's (JNPR) warning as evidence. 08:15 ET Veritas Software (VRTS) 69.86: Announces that Unisys (UIS) will offer VERITAS Volume Manager for Microsoft Windows 2000 operating system with Unisys enterprise servers. 08:12 ET Brocade Comms (BRCD) 46.07: Expands agreement with Sun Micro (SUNW) allowing Sun to resell, service and support Brocade SilkWorm fabric switches worldwide in qualified configurations. 08:11 ET F5 Networks (FFIV) 11.80: Merrill Lynch initiates with a BUY rating and $22 target; calls company the comeback kid and says that its technology is starting to see broader adoption by enterprise customers. 08:10 ET Opening Indications : S&P futures -2, or 10 pts below fair value; Nasdaq 100 futures -6, or 23 pts below fair value; Good news is Dell upgrade, but Goldman Sachs is cautious on software. 08:05 ET Research In Motion (RIMM) 31.69: Merrill Lynch downgrades to a near-term NEUTRAL from Accumulate due to concerns that US inventory issues could negatively impact the next quarter or two; cuts revenue estimates for next two quarters by a total of $9 mln; says this is a short-term concern but wants to wait on the sidelines given risk to Aug qtr. 08:05 ET Wireless Facilities (WFII) 6.88: Signs a global agreement to provide radio frequency and fixed network engineering services to the Siemens Information and Communication Mobile Group in support of their development of GSM, 2.5, and 3G wireless mobility networks. WFII will serve as a major vendor and provide Siemens IC Mobile with engineering services to projects in Europe, Latin America and the Middle East. 08:01 ET Goldman on Software : Goldman Sachs analyst Rick Sherlund says that he would be relieved if software firms met Goldman's estimates of flat to slightly lower revenues in Q2 given feedback gathered at a software CEO/VC meeting this week; sees greater risk to the quarter for the sector and would not be surprised to see stocks trade down for the next several weeks. 07:59 ET Exar Corp (EXAR) 23.02: Chip maker lowers Q1 outlook to $0.02-$0.04 (consensus $0.07). Company expects revenues to decline 35%-45% on a sequential basis. "Visibility in the market continues to be very limited as customers work through inventory and demand issues."

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