Merrill Lynch reduced 2001 revenue projection for Genuity by 15% ...
Merrill Lynch reduced 2001 revenue projection for Genuity by 15% to $1.25 million, well below Genuity management’s $1.59 million target. Analysts Thomas Watts and Mehvish Rahman predicted industry rebound, expected to occur in 2nd half 2001, will be delayed…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
until 2002 and “the deteriorating environment will accelerate an IIS [Internet Infrastructure Services] industry shake-out, which could hurt Genuity in the short-run.” Merrill Lynch continued to rate company as accumulate “based on its strong market position.”