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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: gerard mangiardi who wrote (37995)	4/5/2001 8:17:15 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 50167

Merrill Cuts PC Chipmakers : Merrill Lynch downgrades Advanced Micro Devices (AMD) to NEUTRAL from ACCUMULATE and downgrades Micron to NEUTRAL from BUY based on belief that demand from the low end of the PC business may not be meeting previous expectations. Need to see a convincing demand follow-through to support continued intermediate-term optimism for the stocks; checks do not suggest that we're getting that follow-through.