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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 679.68

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Nov 26 4:00 PM EST

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To: Johnny Canuck who wrote (44698)	3/28/2008 12:28:17 PM
From: Johnny Canuck	Read Replies (1) of 68380

6:58AM Ericsson, Arm downgraded at Morgan Stanley (UK:ARM, SE:ERICB, ERIC) by Aude Lagorce LONDON (MarketWatch) -- Morgan Stanley downgraded Swedish telecommunications equipment provider Ericsson AB (ERIC)(SE:ERICB) to equal-weight from overweight, citing the recent profit warning at Sony Ericsson. Sony Ericsson is the mobile-phone making joint venture of Sony Corp. (SNE) and Ericsson. The broker also cut its rating on British chip designer Arm Holdings (UK:ARM) to underweight from equal-weight, saying the stock trades at a premium to its peers while the company could miss consensus earnings forecasts. Arm shares fell 2.6% in London morning trading. Ericsson shares slipped 0.6% in Stockholm.

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