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Technology Stocks : Rockwell-Spins off Conexant (CNXT)

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To: MeDroogies who wrote (706)2/28/2000 2:59:00 PM
From: Larry Zenith  Read Replies (2) of 2013
 
Is that new news, or old news? I didn't see anything about that today.
I still think it's primarily the downgrade. Downgrades have a tendency, in highly volatile stocks, to produce rapid, steep, falloffs.


The analyst at Cowen must have felt pretty mightily powerful right now if his/her downgrade could cause a drop of 20%.
As a matter of fact, it is not.
Please read this article:
eb-mag.com
( By courtesy of SJS )

You are going to see the real reason behind the move.

Thanks,

Larry
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