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Report date: May 11, 2001
  Canadian Focus (Go to US Focus)
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May Upgrades / Downgrades

Insiders Report

TSE Shorts

Earnings

Move
Name
Previous
Recommendation
Target
Who
Initiated Alcan (AL:TSE) (initiated) Market perform n/a Deutsche Banc Alex Brown
No change Descartes Systems (DSG:TSE) (reiterated) Strong buy n/a Credit Suisse First Boston
No change Imax (IMX:TSE) (reiterated) Hold n/a Prudential
No change Nortel Networks (NT:TSE) (reiterated) Hold C $30 Scotia Capital
No change Onex Corp. (OCX:TSE) (reiterated) Buy C $28 Scotia Capital
No change Research In Motion (RIM:TSE) (reiterated) Strong buy n/a SG Cowen
| Upgrade - Upgraded | Downgrade - Downgraded | No change - No change | Not available - Info not available | Initiated- Initiated |
| C - Canadian Dollar | U - U.S. Dollar |

  US Focus (Go to Canadian Focus)

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Move
Name
Previous
Recommendation
Target
Who
Initiated Alcoa (AA) (initiated) Market perform n/a Deutsche Banc Alex Brown
No change Charles Schwab (SCH) (reiterated) Buy n/a UBS Warburg
No change Dow Jones (DJ) (reiterated) Hold n/a Dresdner Kleinwort Wass.
No change Goldman Sachs (GS) (reiterated) Hold n/a Dresdner Kleinwort Wass.
Initiated JP Morgan Chase (JPM) (initiated) Attractive n/a Bear Stearns
Downgrade IBM (IBM) Buy Attractive n/a Bear Stearns
No change ------ (reiterated) Strong buy n/a SG Cowen
No change ----- (reiterated) Strong buy n/a Wit SoundView
No change ------ (reiterated) Buy n/a Dresdner Kleinwort Wass.
No change ----- (reiterated) Strong buy n/a Lehman Brothers
No change ------ (reiterated) Buy n/a Salomon Smith Barney
No change ------ (reiterated) Hold n/a Prudential
No change KPMG Consulting (KCIN) (reiterated) Buy n/a JP Morgan
No change Microsoft (MSFT) (reiterated) Buy n/a Tucker Anthny Sutro
No change ---------- (reiterated) Buy n/a CIBC World Markets
No change Morgan Stanley Dean Witter (MWD) (reiterated) Hold n/a Dresdner Kleinwort Wass.
 
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