...geez, will it never end? Yeah this is getting old for sure, and I am too- so I wish for us a some solid returns in our favorite storage companies in 2001.
cbs.marketwatch.com
".By Tomi Kilgore, CBS.MarketWatch.com
Last Update: 8:49 AM ET Jan 2, 2001 NewsWatch
Latest headlines
NEW YORK (CBS.MW) - Shares of some Internet infrastructure companies lost ground in pre-market trading Tuesday after an analyst downgraded the shares, citing expectations of weak spending in the information technology arena.
"EMC (EMC: news, msgs) got knocked $2.50 lower to $64 in Instinet. Analyst Dane Lewis at Robertson Stephens lowered his rating on the shares to "long-term attractive" from "buy," saying the slowdown in IT spending in the first quarter, and most likely into the second quarter, of 2001 is expected to be "more pronounced" than previously anticipated.
Among other stocks downgraded by Lewis, Inktomi (INKT: news, msgs) trimmed 38 cents to $17.50, Veritas (VRTS: news, msgs) fell $1.87 to $85.88, VeriSign (VRSN: news, msgs) gave up $4.38 to $69.81 and Network Appliance (NTAP: news, msgs) dropped $1.56 to $62.63."
---Long term attractive eh, damn right!
They are just covering their recessional fearing asses IMHO
Puna |
