Merrill Lynch lowers airlines Michelle Caruso-Cabrera with Stocks to Watch on CNBC:
Merrill Lynch lowers airlines due to Y2K.
AMR reduced EPS from 85c to 60c. 10% of the lowered estimates due to Y2K. Rest is due to Canadian Airline revenue deferral.
ALK reduced from 70c to 50c.
CAL reduced 45c to 40c due to Y2K slowdown.
DAL reduced from $1.00 to 95c due to Y2K slowdown.
Caruso-Cabreara also reported on ORCL, RSAS and VRSN. For detials see CNBC Specials page at https://www.netcognizance.com