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The Investors Centre - Upgrades/Downgrades Upgrade Upgrade Downgrade Downgrade No change No change Initiated Initiated Not available Not available
Report date: March 28, 2001 Check out all the Upgrades/Downgrades for March

Move
Name
Previous
Recommendation
Target
Who
No change
Canadian National Railway (CNR:TSE) (maintained) Hold C $60 Scotia Capital
No change
Celestica (CLS:TSE) (maintained) Buy C $80 National Bank Financial
No change
Certicom (CIC:TSE) (reiterated) Buy C $21 Credit Suisse First Boston
Downgrade
C-MAC Industries (CMS:TSE) Strong buy Buy US $33 CIBC World Markets
Downgrade
JDS Uniphase (JDU:TSE) Near term accumulate Near term neutral/Long term buy n/a Merrill Lynch
No change
--------------- (maintained) Buy US $35 Credit Suisse First Boston
No change
--------------- (maintained) Buy US $35 CE Unterberg Towbin
No change
Nortel Networks (NT:TSE) (maintained) Hold C $26 Scotia Capital
No change
----------------- (maintained) Buy n/a JP Morgan
No change
----------------- (maintained) Outperform US $24 Morgan Stanley Dean Witter
No change
----------------- (maintained) Buy US $30 CIBC World Markets
No change
----------------- (maintained) Buy C $33 National Bank Financial
Downgrade
----------------- Buy Neutral n/a Wechovia Securities
Downgrade
----------------- Buy Neutral n/a SG Cowen
Downgrade
----------------- Near term accumulate Near term neutral n/a Merrill Lynch
No change
Research In Motion (RIM:TSE) (maintained) Strong buy n/a CIBC World Markets
No change
------------------- (reiterated) Strong buy n/a SG Cowen
No change
Telus Corp. (T:TSE) (maintained) Strong buy C $45 Scotia Capital
Upgrade
----------- Accumulate Buy C $42 Yorkton Securities
Upgrade
----------- Hold Buy n/a National Bank Financial
Upgrade
United Dominion Industries (UDI:TSE) Neutral Outperform n/a Salomon Smith Barney
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US Focus
Move
Name
Previous
Recommendation
Target
Who
No change
Dell Computer (DELL) (reiterated) Near/long term buy n/a Merrill Lynch
Downgrade
Excite @ Home (ATHM) Buy Neutral n/a Dain Rauscher Wessels
Downgrade
Handspring (HAND) Buy Neutral n/a CE Unterberg Towbin
Downgrade
------------ Near term accumulate/long term buy Near term neutral/long term accumulate n/a Merrill Lynch
Downgrade
------------ Buy Market perform n/a Banc of America Securities
No change
------------ (reiterated) Strong buy n/a CIBC World Markets
No change
------------ (reiterated) Action Call Negative n/a Epoch Partners
No change
------------ (reiterated) Buy n/a Credit Suisse First Boston
No change
H.J Heinz Co. (HNZ) (reiterated) Buy n/a JP Morgan
Upgrade
Johnson & Johnson (JNJ) Neutral Outperfrom US $106 Morgan Stanley Dean Witter
No change
------------------- (reiterated) Strong buy n/a Prudential
No change
------------------- (reiterated) Buy US $120 ABN AMRO
Downgrade
Palm Inc. (PALM) Near term accumulate/long term buy Near term neutral/long term accumulate n/a Merrill Lynch
Downgrade
--------- Strong buy Outperform n/a Morgan Stanley Dean Witter
Downgrade
--------- Recommended list Market outperform n/a Goldman Sachs
Downgrade
--------- Buy Long term attractive n/a Robertson Stephens
No change
--------- (reiterated) Neutral US $10 Salomon Smith Barney
No change
--------- (reiterated) Hold n/a UBS Paine Webber
No change
--------- (reiterated) Strong buy n/a Pacific Crest
No change
Walt Disney (DIS) (reiterated) Strong buy n/a UBS Warburg
Upgrade
Yahoo! (YHOO) Reduce Hold n/a UBS Paine Webber
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