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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 493.80

-2.7%

Nov 18 3:59 PM EST

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To: lee kramer who wrote (16482)	4/25/2002 7:49:05 AM
From: Connor26	Read Replies (1) of 26752

07:46 ET LSI Logic downgraded at Merrill Lynch (LSI) 15.12: Merrill Lynch downgrades to Near-Term REDUCE/SELL from Neutral, saying that with the co still in loss for another several qtrs even on aggressively calculated pro-forma earnings numbers, they see little to sustain the stock price despite the improvement in business conditions; raises FY02 est to ($0.25) from ($0.34) and leaves below-consensus FY03 est of $0.27 unchanged. 07:39 ET Scientific-Atlanta downgraded at Merrill Lynch (SFA) 23.05: Merrill Lynch downgrades to Near-Term REDUCE/SELL from Neutral, saying that the co will hardly grow in the next 2-3 years and should post a fair P/E multiple of 15-17x; firm also believes that once old contracts are up for renewal (in a qtr or two) one should expect a decline. Cuts FY02 est to $1.02 from $1.04 and FY03 to $1.03 from $1.29. Estimates fair value at $15-$17.

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