Briefing.com noted that Merrill Lynch has downgraded Appleis stock following yesterdayis third quarter earnings warning from the company. The concise information from Briefing.com:
Merrill Lynch downgrades to Long-Term NEUTRAL from Buy due to a lack of long-term visibility.
You can read Briefing.comis notes at Yahoo!is Web site, but note that the dynamic link is subject to change.
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Apple Announces Revenue and Earnings Shortfall For Quarter
After Tuesday's market close Apple Computer announced that revenues and earnings would be below original estimates by about ten percent.
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