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Strategies & Market Trends : Sharck Soup
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To: Sharck who wrote (30553)7/11/2001 8:27:05 AM
From: Wes Stevens  Read Replies (1) of 37746
 
08:16 ET Openwave (OPWV) 24.14: -- Update -- Morgan Stanley downgrades to NEUTRAL from Strong Buy based on what firm regards as the absence of near-term catalysts until visibility into 2.5G improves and because shares look fully valued based on firm's revised estimates (FY02 cut to $0.23 from $0.65). Thinks OPWV may experience slowdown in business due to just-in-time ordering, new initiative delays, a potential slowing in wireless Internet adds and slipping 2.5G rollouts... OPWV shares trading down 23% in pre-market.
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