ALU cut to Neutral at Goldman Sachs.
APKT started as Hold at Stifel Nicolaus.
ARO cut to Neutral at B of A.
AZN cut to Underweight at JPMorgan.
BBBB cut to Buy at First Albany.
BBND started as Outperform at Morgan Keegan.
BFAM raised to Buy at B of A.
CHIP started as Buy at Merriman Curhan Ford.
CRNT started as Buy at Oppenheimer.
CSCO started as Hold at Stifel Nicolaus.
EDO raised to Neutral at SunTrust Robinson Humphrey.
EMC raised to Outperform at Morgan Keegan.
GILT started as Buy at Oppenheimer.
GSK cut to Underweight at JPMorgan.
IMCL raised to Outperform at FBR.
IRF cut to Equal Weight at Lehman.
JNPR started as Buy at Stifel Nicolaus.
KNXA raised to Buy at Jefferies.
LTM started as Outperform at CIBC.
MED started as Neutral at First Albany.
MOT cut to Sector Perform at RBC.
NCMI started as Neutral at B of A.
NVO raised to Overweight at JPMorgan.
NTRI started as Sector Perform at CIBC.
NTRI started as Buy at First Albany.
OMTR cut to Neutral at First Albany.
OSIP started as Outperform at Piper Jaffray.
PLCM started as Hold at Stifel Nicolaus.
RFMD cut to Sector Perform at CIBC.
SBNY raised to Outperform at FBR.
SNE started as Overweight at Prudential.
SRTI started as Buy at Merriman Curhan Ford.
TTO started as Outperform at Wachovia.
TTWO started as Neutral at Prudential.
WTW started as Sector Perform at CIBC.
Jon C. Ogg
March 22, 2007