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Technology Stocks : EDS(GME) Stock

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To: Al Serrao who wrote (23)	10/29/1996 11:38:00 AM
From: Rich Dee	of 60

From briefing.com: ELECTRONIC DATA SYSTEMS (EDS) 43 5/8 +2 1/2. Stock of leading provider of information technology services is rebounding this morning following a ratings upgrade from Merrill Lynch. Firm has raised its view on issue to a "near-term accumulate" from a "near-term neutral" following last week's 4th qtr earnings warning. In less than one week stock, has lost more than 30% of its value before mounting today's rebound. Just yesterday, Morgan Stanley, which initially has raised its view on stock following company's initial earnings warning last week, reversed course late yesterday, and downgraded the issue to a "neutral" from a previous "strong buy" rating. And while company outlook may look clouded at the moment, we must agree with Merrill's current view that this issue has probably fallen too far given circumstances and will most likely rebound based on longer-term fundamentals which remain positive given market dominance and strong client retention.

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