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


To: Johnny Canuck who wrote (32385)5/21/2001 1:57:42 PM
From: Johnny Canuck  Respond to of 70264
 
08:38 ET EMC Corp (EMC) 40.35: Hearing from sources at Wit SoundView that the firm is downgrading EMC to a HOLD from a Buy; reportedly cites field checks that indicate the quarter is unfolding poorly; reduces EPS estimate for the quarter to $0.18 from $0.19 and expects company to announces layoffs soon.

[Harry's comment: Not having much effect on the stock or sector, being shaken off.]