31.   More analysts cut their ratings on Western Digital.

32.   Mullins cut the rating on price appreciation.

33.   Niles cut his rating on the stock last month because of concerns that when the lead times were reduced, customers would put the brakes on their orders.

34.   On Friday, Stover cut his rating on Merck to a sell because of the application withdrawal.

35.   On Thursday, steelmaker shares fell after Salomon Brothers Inc. analyst Michelle Applebaum cut ratings on several producers, even though she did not downgrade Bethlehem Steel.

36.   Qwest recently had difficulty raising money to meet its obligations, forcing credit rating agencies to cut its rating to junk status.

37.   Several analysts who follow Sun cut their ratings on the stock this morning, following the earnings announcement late yesterday.

38.   Several analysts cut investment ratings on IBM today.

39.   Several analysts cut their ratings on the stock today.

40.   Shares of companies with operations in the Jacksonville area fell for the first time in four days, led by BellSouth Corp., whose stock rating was cut.