How chips, PCs, services companies are faring
A look at how selected companies providing computers, components, services and related software are faring: Facebook IPO shows galactic divide between investors
NEW YORK (Reuters) - It's no surprise to anyone that big investors get preferential treatment on Wall Street. Investors expressed disappointment, skepticism and even shock on Tuesday after learning that an analyst at lead underwriter Morgan Stanley cut his Facebook revenue forecasts in the days before the company's initial public offering - information that apparently did not reach small investors before the stock went public and subsequently tumbled. The divide between the research and retail arms of big Wall Street firms has always been deep. ... News Summary: SAP to buy Ariba for $4.5 billion
THE DEAL: Business software maker SAP AG agreed to buy Ariba Inc., which makes Web-based software that connects suppliers and buyers online, for about $4.51 billion. Insight: Morgan Stanley cut Facebook estimates just before IPO
 (Reuters) - In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company. The sudden caution very close to Facebook's initial public offering - while an investor road show was under way - was a big shock to some, said two investors who were advised of the revised forecast. ...
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