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Technology Stocks : ASML Holding NV -- Ignore unavailable to you. Want to Upgrade?


To: niek who wrote (1228)9/25/2006 9:55:49 AM
From: niek  Read Replies (1) | Respond to of 43300
 
And then this one:

Merrill Lynch downgrades Sandisk

Mon Sep 25, 2006

Sept 25 (Reuters) - Merrill Lynch on Monday lowered its rating on Sandisk Corp. to "neutral" from "buy", citing murky NAND flash outlook.

The brokerage said the stock price may rise as NAND, or flash memory, prices stabilize in the near term, but the risk of a sharp correction in prices over the intermediate term outweighs this possibility.

There are no signs of a decline in NAND supply and NAND prices may come under pressure early next year as supply outstrips demand, the brokerage added in a research note.
Shares of the company closed at $55.38 Friday on the Nasdaq.