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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 660.08-0.8%Nov 18 4:00 PM EST

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To: Johnny Canuck who wrote (35045)11/7/2001 12:16:47 PM
From: Johnny Canuck  Read Replies (2) of 68115
 
07:50 ET Nokia (NOK) 23.06: CSFB comments that UK company Carphone Warehouse is indicating substantial weakness in some European markets in the run-up to Christmas, with UK likely to see handset volumes at only 40% of last year's level. CSFB believes that NOK's goal of roughly a 35% year/year decline in Europe will be difficult to achieve as a result and that company will have to lower revenue guidance with its Dec 11 update.




07:45 ET Linear Tech (LLTC) 44.02: Morgan Stanley downgrades to NEUTRAL from Outperform based on valuation and belief that material upside from current levels will be difficult to sustain until visibility improves.




07:44 ET Merrill on Telecom Capex : Merrill Lynch revises forecasts for US service provider capital expenditures; now sees total capex (wireline and wireless) falling 12% in 2001 and 20% in 2002; also extends forecasts to 2003 -- sees an additional 6% decline which should represent the base off of which capex can finally grow again.

07:05 ET QUALCOMM (QCOM) 54.73: ABN AMRO trimming estimates following company's earnings report; reduces FY02 to $1.08 from $1.24; introduces FY03 est of $1.22. Says rev came in 5% below firm's expectations, netting out rev recognition change. While views results as positive given economic environment, sees QCOM shares coming under pressure near-term due to 1) accounting change, 2) assumption of Vesper control and 3) expectation that consensus will come down to around $1.10 from the previous $1.22.
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