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Technology Stocks : Walt Disney -- Ignore unavailable to you. Want to Upgrade?


To: Benchman who wrote (694)6/30/1998 11:15:00 AM
From: Gene Weisskopf  Respond to of 2222
 
Another downgrade - This time by Schroder

Disney said cut by Schroder

NEW YORK, June 30 (Reuters) - Schroders analyst David Londoner lowered his rating on Walt Disney Co. to neutral from outperform on Tuesday, according to a market source.

-- Londoner cut his estimated EPS for fiscal 1998 to $2.90 a share from $3.11, the market source said. For 1999, he cut profit estimate to $3.26 per share from $3.48.

-- Shares of the Dow component were off more than four percent, down five to 108-3/16 in heavy, early trading.

-- Neither Schroders nor the analyst was immediately available to comment on the changes.

-- Morgan Stanley and Prudential also made negative comments about Disney on Tuesday morning.

biz.yahoo.com



To: Benchman who wrote (694)6/30/1998 12:48:00 PM
From: freeus  Read Replies (1) | Respond to of 2222
 
re thanks for letting me vent, I apologize
We probably all agree with you.
And of course few of us can average "down" after buying a stock that is over $100.
Freeus