Tag: 06190835

Merrill Lynch has downgraded Apple from “Buy” to “Long-Term Neutral” following the company’s earnings warning yesterday, according to Briefing.com. Merrill cited a lack of long-term visibility for the downgrade, and also revised its fiscal year 2002 revenue and earnings estimates to US$6.2 billion and $0.40 per share, respectively, from $6.2 billion and $0.50 per share.

Following Amazon’s announcement yesterday of free shipping on all orders of US$49 or more, Buy.com will announce today that it is offering free shipping on all orders, although certain items will be excluded, according to c|net.