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Technology Stocks : PHTN--Photon Dynamics, anyone follow this company

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To: nasdaqian who wrote (885)9/5/2000 1:13:59 PM
From: Johnny Canuck  Read Replies (1) of 930
 
Photon Dynamics (PHTN) 45 5/8 +1 7/8: Merrill Lynch upgrades to NT BUY from NT ACCUMULATE; recent 25% sell off in stock presents buying opportunity; believes sell-off in PHTN has been driven by price reductions on notebook PC flat panel displays (FPD); says market has jumped to wrong conclusion regarding price declines on demand for PHTN equipment; top tier customers are increasing next generation FPD fabs plans now.
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