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To: Glenn D. Rudolph who wrote (109280)10/1/2000 12:00:26 PM
From: Bob Kim  Read Replies (1) | Respond to of 164684
 
Glenn, Based on what we've seen, the following appears to merit a lawsuit from Neff against Merrill Lynch.

This is from a Bloomberg Story:

Across Wall Street, though, some of Neff's competitors reached different conclusions.

Analysts at Merrill Lynch & Co., Prudential Securities Inc. and PaineWebber Inc. told clients that Apple's slower sales were specific to the company, and some of them weren't shy about criticizing competitors who saw it otherwise.

''For people to downgrade the whole sector, either they're stupid, or they're looking for a horrible quarter where no one will go out and buy PCs, period,'' said Merrill's Steven Fortuna. ''Basic consumer and corporate demand is basically intact and we expect a good fourth quarter.'' [emphasis added]