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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: CF Rebel who wrote (12739)7/23/2001 12:39:49 PM
From: TechMkt  Read Replies (2) of 15615
 
12:18 (Dow Jones) Salomon Smith Barney shifted its sector weighting by upping consumer cyclicals and communications services and lowering utilities and basic materials. SSB cites an easing competitive price environment and misplaced consumer spending fears for raising, respectively, consumer cyclicals and communications services. Meanwhile, the firm blames a strong US dollar and a shift in "recent shortage dynamics" for downgrading basic materials and utilities. To reflect the weighting adjustment, SSB has added F, TMPW, TYC, GS and GX to its recommended list and removed WY and MIR. (GS
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