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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Venditâ„¢ who wrote (455)6/4/2001 8:35:12 PM
From: Frederick Langford  Read Replies (1) of 8752
 
This is what took CPST down, too bad it's not a Semi. BRCM got 3 downgrades in last 5 days. Morgan , SGCowan and today Goldman, so it traded up. <g>

Capstone Turbine (CPST) slid more than 11 percent after analyst Sam Brothwell at Merrill Lynch lowered his 2001 loss and unit shipment estimates for 2001, saying that while interest in its new microturbine technology is strong, adoption appears to be slower than expected. "The product works -- we've talked to many happy customers," Brothwell said in a research note to clients. "But in a crisis, people tend to first go with what they know." He still sees the company as a core energy holding, as distributed power grows in importance. Capstone shares fell $3.83 to $30.20.
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