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Technology Stocks : FDC : First Data Corp
FDC 31.690.0%Aug 5 5:00 PM EST

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To: Thomas C. White who wrote (79)9/8/1997 1:37:00 PM
From: Dale Stempson   of 323
 
Thomas, It appears this may have been what has been driving the price down recently (at least it certainly is the cause today):

Downgrades September 8th

Company - First Data Corp
Symbol - FDC
Brokerage Firm - Morgan Stanley
Downgrade from: Strong Buy
Downgrade to: Outperform

The result is an overeaction and an excellent buying opportunity IMO. I just added to my position at 37-1/2. Now instead of 7 analysts with strong buys and 5 with moderate buys or outperforms, we now have six of each... hardly reason to bail.

Regards - Dale
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