FDC : First Data Corp Message Board

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Technology Stocks : FDC : First Data Corp

FDC 31.69

0.0%

Aug 5 5:00 PM EST

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To: Dale Stempson who wrote (83)	9/8/1997 1:39:00 PM
From: Thomas C. White	of 323

Timing pretty good. Morgan Stanley downgraded FDC today from strong buy to outperform, stock is down about $2.50 on very high volume (more than 6 mil shares as of right now). Nasty surprise over my Monday morning coffee since it's one of my largest holdings. Wondering if I should buy more. I also own National Data (NDC) which is well off the recent high (though I bought this one only recently after selloff). Not a good month for the credit card processing companies. Wondering if this will cause a reassessment by other analysts such as DLJ who have strong buys on FDC.

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