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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (2757)	8/30/2002 10:35:11 AM
From: Bob Kim	Read Replies (1) \| Respond to of 25522

Brian, Here's a line from Hodess' report. We have left our long term rating unchanged at strong buy given we believe these companies are strongly positioned for the next upturn. Merrill is Novellus' banker in the SFAM transaction. Do you think the line above looks a little disingenuous? From ML press release June 7, 2002 announcing new rating system scheduled for implementation in September: To simplify and clarify this system for investors, Merrill Lynch will issue only an intermediate-term (0-to-12-month) rating. The current long-term rating will be eliminated. [emphasis added]