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To: KeepItSimple who wrote (34791)1/13/1999 7:57:00 PM
From: tonyt  Respond to of 164684
 
>News flash: Just heard on CNBC that Deutche Bank downgraded Yahoo Excite
>and Lycos after the bell.

Here's the release:

NEW YORK, Jan 13 (Reuters) - Deutsche Bank Internet stocks
analyst Alan Braverman downgraded his ratings on Lycos Inc.
(NASDAQ:LCOS), Yahoo Inc.(NASDAQ:YHOO) and Excite Inc. (NASDAQ:XCIT) from
"buy" to "accumulate," due to concerns about valuation, his
office told Reuters late Wednesday.
He maintained his buy rating on America Online Inc.(NYSE:AOL).
Shares in the three major Internet companies that were
downgraded fell in after-hours trade, CNBC said.

Copyright 1999, Reuters News Service



To: KeepItSimple who wrote (34791)1/13/1999 10:37:00 PM
From: ChinuSFO  Respond to of 164684
 
<<.....Is there anyone out there who still expects these "things" to stay at their current levels?>>

Yes, I do. Reputable firms downgrade a stock. The slide down starts. They buy. When done buying, they then come out and upgrade the very same stocks they downgraded a month ago. Remember SUNW and a few other stocks 6 months ago. Even CNBC mentioned this scenario.

Simple enough KeepItSimple.

Chinmoy