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To: sandintoes who wrote (11788)	1/23/2003 8:23:02 AM
From: Jeff Jordan	Read Replies (1) \| Respond to of 17683

07:45 ET Goldman Sachs upgrades Morgan Stanley, cuts Merrill Lynch : Goldman Sachs upgrades MWD to Outperform from In-Line and downgrades MER to In-Line from Outperform, saying MWD still has room to cut costs and is also among the best positioned to ultimately benefit when the rev environment begins to improve, while MER is running out of room on cost cuts and faces a bleak near-term revenue outlook; cuts MER's 2003 est to $3.05 from $3.40. LOL- Pot calling Kettles Black!