Mixed Opening
Stocks appeared set to open mixed
Friday.
Agilent Technologies
(
A |
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PowerRating) was
downgraded by Morgan Stanley to Outperform from Strong Buy.
Morgan Stanley upgraded Powerwave
Technologies
(
PWAV |
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PowerRating) was upgraded to Outperform from Neutral. Morgan Stanley
sees a fair value of PWAV of $17 a share.
Robertson Stephens downgrades Plexus
Corp
(
PLXS |
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PowerRating) from Buy to Market Perform.
Juniper Networks
(
JNPR |
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PowerRating) was
upgraded to Outperform from Neutral by Salomon Smith Barney.
Orchid Biosciences
(
ORCH |
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Chart |
News |
PowerRating) the
maker of single nucleotide polymorphism (SNP) which is aligned with Luminex
(
LMNX |
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PowerRating), has the technology which could be used to potentially detect
organisms that could be used in a bio terrorism attack. ORCH was written about
in Business Week as a potentially undetected bio-terrorism play.
Compaq Computer
(
CPQ |
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PowerRating) was awarded
a contract with the U.S. Postal Service to provide standard Windows- and Intel-based IT solutions. The
five-year single-source contract is worth
approximately $1 billion.
Providian Financial
(
PVN |
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PowerRating) lowered
its outlook for Q3 to come in between 19-21 cents a share, from 82-84 cents a
share.
In a report by Business Week, a money
manager thinks that Griffon
(
GFF |
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PowerRating), the maker of building products and
specialty plastic films, has a value of $20/share. The reason is GFF has a unit
which makes communications and radar systems for the SH60R helicopter and the
U.S Air Force C-17 cargo plane, used to drop humanitarian supplies in Afghanistan.