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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (81916)	6/20/2002 8:12:14 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 99280

Dale: Re: "MSFT looks toppy IMHO." Are you sure it is not being manipulated to look that way <g>?

To: DebtBomb who wrote (81916)	6/20/2002 8:14:53 AM
From: shoreco	Read Replies (4) \| Respond to of 99280

They're out in full force today.... 7:22AM Qualcomm estimates too high -- Deutsche (QCOM) 28.13: Following bus tour yesterday in San Diego and ensuing channel checks, Deutsche Bank remains comfortable with its view regarding CDMA handset volumes in 2002 and the near-term challenges facing certain CDMA mkts. While QCOM remains firm's favorite long-term stk in its universe, it believes FY02/FY03 consensus expectations are too high. 7:46AM Synaptics downgraded to Neutral by underwriter (SYNA) 14.11: Bear Stearns downgrades to NEUTRAL from Attractive and cuts price target to a range of $13-$15 from $22. Also citing weakness in PC demand, firm reduces FY03 est to $0.40 from $0.48 and FY04 to $0.47 from $0.58. Bear Stearns served as an underwriter of co's January IPO. Stock trading at $14.06 in pre-market. 7:48AM Genzyme downgraded at Goldman Sachs (GENZ) 25.87: Goldman Sachs downgrades to MKT PERFORM from Mkt Outperform due to lack of visibility on Renagel (see warning yesterday at 4:04); cuts 2002 est to $1.18 from $1.40 (reflecting $190 mln in Renagel sales) and 2003 est to $1.50 from $1.80 (reflecting $240 mln in Renagel sales). 7:49AM Goldman Sachs downgrades retailers Neiman Marcus, Sears : Goldman Sachs downgrades NMG to MKT PERFORM from Recommended List due to valuation and the belief that the speed of the co's recovery is being hampered by a more muted top-line recovery; cuts CY02 est to $2.35 from $2.55 and CY03 to $2.75 from $2.85. Firm also downgrades S to MKT PERFORM from Mkt Outperform based on valuation and the belief that it will be challenging to execute on its softline biz rejuvenation, conversion of its selling floors, and Land's End integration. 7:57AM Morgan Stanley lowers rating on Autos, cuts F and GM : Morgan Stanley lowers their rating on the Auto sector to IN-LINE from Attractive, and downgrades F and GM to EQUAL-WEIGHT from Overweight; despite steady demand in the near-term and strong earnings this year, firm thinks 2003 may pose some risk due to potentially weaker demand, continued pricing pressure, and the absence of inventory build, making production comparisons difficult. That's all I could find for now...LOL EOM Shoreco