07:48 ET Morgan Stanley on Bells : Morgan Stanley reduces 2002
revenue growth forecasts for telcos: Verizon (VZ) to 4.5% from 6%;
SBC Comms (SBC) to 3.9% from 6.1%, BellSouth (BLS) to 5.6%
from 6.7%; also reduces EPS estimate on Broadwing (BRW).
07:43 ET BEA Systems (BEAS) 14.81: Robertson Stephens
reduces estimates on BEAS; Q3 goes to $227 mln from $261 mln
and $0.06 from $0.09, CY02 goes to $1.033 bln from $1.375 bln
and $0.36 from $0.50; cites field checks that indicate BEAS is facing
the same challenges as other software cos after Sep 11.
07:36 ET Semiconductor Downgrades : JP Morgan downgrades
ALTR, XLNX, AMCC, PMCS and VTSS to MKT PERFORM
from LT Buy. Firm's channel checks indicate that order flow remains
weak for Comm IC companies, visibility is still poor, and revenue
decline is likely in the foreseeable future... does not see stabilization in
the inventory situation until Q2 of next yr at the earliest... firm sees
downside risk in sector stocks of as much as 30%.
07:58 ET Oxford Health (OHP) 27.00: Salomon Smith Barney
downgrades to NEUTRAL from Outperform; trims 2001 est to
$2.81 from $2.81 and 2002 to $3.01 from $3.10.
Gruß Dr. Broemme