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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (27935)9/5/2000 1:15:22 PM
From: Johnny Canuck  Read Replies (3) | Respond to of 69966
 
More detail on PHTN upgrade:

Photon Dynamics (PHTN) 45 5/8 +1 7/8: Merrill Lynch upgrades to NT BUY from NT ACCUMULATE; recent 25% sell off in stock presents buying opportunity; believes sell-off in PHTN has been driven by price reductions on notebook PC flat panel displays (FPD); says market has jumped to wrong conclusion regarding price declines on demand for PHTN equipment; top tier customers are increasing next generation FPD fabs plans now.