Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (15734)	9/28/1998 1:19:00 PM
From: PaulB	Read Replies (1) of 120523

WWW (REUTERS) RESEARCH ALERT - Wolverine World Wide <WWW.N> cut RESEARCH ALERT - Wolverine World Wide <WWW.N> cut NEW YORK, Sept 28 (Reuters) - Warburg Dillon Read said on Monday that analyst Allison Malkin downgraded the investment rating of Wolverine World Wide Inc. <WWW.N> to a buy from a strong buy. -- Cites concern that footwear sales will be weak in October, typically the strongest month for brown shoe sales. -- Belief that "overinventoried" position of many retailers has not been corrected may cause Wolverine's fourth quarter revenue growth to fall below estimate of 6 percent. -- Wolverine's exposue to international markets places it at risk to economic downturns abroad. -- Shares were down 7/8 at 12-5/8 in morning trading. (( -- Wall Street Desk, 212-859-1730 )) REUTERS * end of story *

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