Upgrades

K-Swiss

(KSWS)

: fiscal 2000 EPS estimates UP to $1.70 a share from $1.30, fiscal 2001 EPS estimates UP to $1.90 a share from $1.45, at

Goldman Sachs

.

Molex

(MOLXA)

: class A shares UP to intermediate buy from accumulate, fiscal 2001 EPS estimates UP to $1.33 from $1.28 a share, at

Merrill Lynch

.

Downgrades

Covenant Transport

(CVTI) - Get Report

: DOWN to buy from strong buy at

Credit Suisse First Boston

.

Marvell Tech

(MRVL) - Get Report

: DOWN to buy from strong buy at CSFB.

Sprint PCS

(PCS)

: DOWN to neutral from buy at

Lehman Brothers

.

Initiations

Capstone Turbine

(CPST) - Get Report

: NEW intermediate-term accumulate, long-term buy at Merrill Lynch.

Carescience

(CARE) - Get Report

: NEW strong buy at

Deutsche Banc Alex.Brown

.

Genuity

(GENU)

: NEW intermediate, long-term buy at Merrill Lynch.

Stratos Lightwave

(STLW)

: NEW intermediate-term accumulate, long-term buy at Merrill Lynch; NEW buy at Lehman Brothers; price target: 70.

Group Moves

Lehman Brothers rolled out coverage of two e-commerce stocks with buy ratings: