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Technology Stocks : EDS(GME) Stock

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To: Dave O. who wrote (19)	10/28/1996 3:55:00 PM
From: Rich Dee	of 60

This was just posted at briefing.com ELECTRONIC DATA SYSTEMS (EDS) 41 1/2 -4 5/8. Stock just can't seem to stop the bleeding and is today being left for dead by its only allay. After stock fell sharply on Wednesday due to an earnings warning, Morgan Stanley entered the fray late in the day and upgraded the stock to "strong buy" from "outperform", citing a sell-off that had been overdone considering company's record pipeline of new business and strong growth rate of company's outsorucing business. At that time, Morgan trimmed its '96 and '97 EPS estimates, but said that it expected stock to appreciate to $65, or 35% over the next 12-months. Today, Morgan completely reverses ground and downgrades stock to "neutral" from its previous "strong buy" rating. Appears that firm feels that it lacks the fingers to plug the increasing number of holes that have developed as stock has continued to sell-off. In a more upbeat market, stock would be a screaming buy at this level. However, markets tendency over the last month has been to keep selling those stocks that disappoint, with rebounds coming 2-3 weeks later.

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