Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Salomon Cuts Metawave to 'Neutral'

Salomon Smith Barney downgraded Metawave Communications (MTWV) to neutral from buy.

Analyst Thomas Robillard says the shortfall is due to U.S. economic weakness, U.S. operator capital-expenditure rationalization and Verizon's postponement of Q1 orders. Given the factors behind the miss, he doesn't believe the company's revenue impact is just a one-quarter event and thinks difficulties are likely to persist for the rest of the year.

In this market, he says even a compelling value cannot circumvent the macro environment. Thus, Robillard downgraded the shares and cut the price target to $4.

blog comments powered by Disqus