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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Cameron who wrote (21081)9/1/1999 11:11:00 AM
From: hx4  Read Replies (1) of 62348
 
Merrill from buy to near term accumulate at 10am.
Careful Cameron.

Wednesday September 1, 10:08 am Eastern Time

RESEARCH ALERT-Merrill cuts rating on
ATI Tech

NEW YORK, Sept 1 (Reuters) - Merrill Lynch said on Wednesday it cut its rating on ATI Technologies Inc. (Toronto:ATY.TO - news)(Nasdaq:ATYT - news) to near-term accumulate from buy.

On Tuesday, ATI, the world's biggest maker of graphic chips for computers and games, announced it had lost a chip supply deal with Dell Computer Corp. (Nasdaq:DELL - news) which will cost it $10 million in sales per quarter.

-- No further details were available.

-- Shares of ATI were trading down 1/2 at 11-1/2 on Wednesday morning on Nasdaq.

Harry
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