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

To: Johnny Canuck who wrote (41046)	4/14/2004 11:58:32 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70584

11:05 Notable Mentions: UPS, MXT United Parcel Service (UPS 70.71 +0.57): Bear Stearns sees material upside to consensus EPS for UPS both for the current quarter and the next two years. Firm believes the stock needs to show real domestic margin improvement (where the operating leverage lies) to begin to outperform again... Metris Cos (MXT 8.27 +0.45): Jefferies raises price tgt to $10 from $7.50 after co last night priced its first public ABS deal since May 2002. Firm views co's successful reentry into the ABS market underscores co's increasing stability. 11:03 AVCI Avici Systems upgrade details (14.28 +1.11) -- Update -- Lehman upgrades AVCI to Equal-Weight from Underweight and raises their target to $16 from $12 after Huawei announced it had won a backbone core router contract from China Telecom with its NE5000 (which is an OEM'd version of AVCI's SSR router); firm considers the joint win a major breakthrough for AVCI, as the co has had only one major carrier customer (AT&T) for the last 4 years, and they believe that AVCI and Huawei may be working on other projects in China which they expect to lead to more contracts later in the year.