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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 695.40+0.5%4:00 PM EST

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To: Johnny Canuck who wrote (33076)6/26/2001 10:48:58 AM
From: Johnny Canuck  Read Replies (2) of 70347
 
07:54 ET Goldman Cuts EMS Names : Goldman Sachs downgrades ACT Manufacturing (ACTM) and Benchmark Electronics (BHE) to MKT PERFORM from Mkt Outperform in conjunction with firm's broader tech strategy call this morning; believes that subpar balance sheets will increasingly impede the ability of these companies to grow, even as demand recovery continues to be elusive; supplier base consolidation by OEMs through this downturn could potentially put some customer relationships at risk for tier-two EMS companies.



07:36 ET Cisco Systems (CSCO) 18.51: Channel checks by Lehman reveal that some of Cisco's end markets may be continuing to see subdued near-term trends. As a result, firm is resetting estimates and moving current Q4 forecast towards consensus. Q4 goes from $0.03 to consensus $0.02; FY02 est. reduced to $0.20, the lower end of analyst $0.16-$0.42 range and compared to consensus of $0.29.
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