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Hewlett-Packard Slips on Downgrade

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Hewlett-Packard

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was off 0.4% in early trading after it was downgraded to neutral from attractive by

Bear Stearns

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Bear Stearns also lowered its 2001 earnings estimate to $1.80 per share from $1.95, saying there is a "decent chance" the company will lower its guidance or miss estimates.