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    Upgrades & Downgrades History
    UPGRADES & DOWNGRADES HISTORY 
    DateResearch FirmActionFromTo
    26-Oct-16NomuraInitiatedBuy
    9-Sep-16Piper JaffrayInitiatedNeutral
    4-Nov-15Wells FargoDowngradeOutperformMarket Perform
    31-Jul-15FBR CapitalUpgradeUnderperformMkt Perform
    6-May-15FBR CapitalDowngradeMkt PerformUnderperform
    2-Mar-15FBR CapitalDowngradeOutperformMkt Perform
    6-Jan-15FBR CapitalUpgradeMkt PerformOutperform
    11-Sep-14BarclaysInitiatedEqual Weight
    21-Jan-14FBR CapitalDowngradeOutperformMkt Perform
    19-Dec-13Compass PointDowngradeBuyNeutral
    8-Nov-13Sterne AgeeDowngradeBuyNeutral
    10-Sep-13OppenheimerInitiatedOutperform
    18-Jun-13Ladenburg ThalmannUpgradeNeutralBuy
    15-Nov-12FBR CapitalInitiatedOutperform
    19-Sep-12Compass PointInitiatedBuy
    11-May-11FBR CapitalDowngradeOutperformMkt Perform
    11-Apr-11Deutsche BankDowngradeBuyHold
    5-Apr-11Miller TabakDowngradeBuySell
    3-Dec-10FBR CapitalUpgradeMkt PerformOutperform
    8-Nov-10RBC Capital MktsDowngradeSector PerformUnderperform
    12-Mar-10BernsteinUpgradeUnderperformMkt Perform
    24-Sep-09CitigroupUpgradeHoldBuy
    4-Jun-09BernsteinInitiatedUnderperform
    15-Apr-09CitigroupInitiatedHold
    18-Dec-08Jefferies & CoDowngradeHoldUnderperform
    26-Nov-08Morgan KeeganInitiatedMkt Perform
    24-Nov-08Friedman BillingsDowngradeOutperformMkt Perform
    23-May-08Deutsche SecuritiesUpgradeHoldBuy
    10-Apr-08Banc of America SecUpgradeSellNeutral
    9-Apr-08LongbowInitiatedNeutral
    2-Jan-08Banc of America SecDowngradeNeutralSell
    11-Dec-07Charter EquityInitiatedBuy
    7-Dec-07JMP SecuritiesUpgradeMkt PerformMkt Outperform
    12-Nov-07UBSDowngradeBuyNeutral
    4-Sep-07RBC Capital MktsInitiatedSector Perform
    21-Aug-07Lehman BrothersUpgradeEqual-weightOverweight
    16-Aug-07Credit SuisseInitiatedNeutral
    8-Jun-07UBSUpgradeNeutralBuy
    4-Jun-07JP MorganUpgradeNeutralOverweight
    24-Apr-07Bear StearnsInitiatedOutperform
    10-Apr-07Matrix ResearchDowngradeStrong BuyBuy
    26-Feb-07Friedman BillingsUpgradeMkt PerformOutperform
    6-Feb-07CitigroupDowngradeBuyHold
    6-Feb-07UBSDowngradeBuyNeutral
    5-Feb-07Am Tech/JSA ResearchUpgradeNeutralBuy
    23-Jan-07Am Tech/JSA ResearchUpgradeSellNeutral
    1-Dec-06Piper JaffrayUpgradeMarket PerformOutperform
    8-Nov-06Caris & CompanyDowngradeAbove AverageAverage
    12-Oct-06UBSInitiatedBuy
    22-Sep-06Caris & CompanyDowngradeBuyAbove Average
    8-Sep-06JMP SecuritiesDowngradeMkt OutperformMkt Perform
    18-Jul-06Friedman BillingsDowngradeOutperformMkt Perform
    9-Jun-06JMP SecuritiesUpgradeMkt PerformMkt Outperform
    22-May-06Piper JaffrayDowngradeOutperformMarket Perform
    9-Dec-05Am Tech/JSA ResearchDowngradeBuyHold
    9-Dec-05Goldman SachsDowngradeOutperformIn-Line
    3-Nov-05Jefferies & CoInitiatedHold
    15-Sep-05JMP SecuritiesDowngradeMkt OutperformMkt Perform
    3-Aug-05Morgan StanleyDowngradeOverweightEqual-weight
    1-Apr-05Caris & CompanyDowngradeBuyAbove Average
    22-Mar-05UBSUpgradeNeutralBuy
    11-Mar-05Lehman BrothersUpgradeEqual-weightOverweight
    1-Mar-05JP MorganUpgradeUnderweightNeutral
    10-Feb-05Banc of America SecUpgradeSellNeutral
    8-Feb-05Caris & CompanyUpgradeAbove AverageBuy
    7-Feb-05BernsteinDowngradeOutperformMkt Perform
    19-Jan-05Caris & CompanyDowngradeBuyAbove Average
    6-Jan-05CSFBUpgradeUnderperformNeutral
    8-Dec-04Banc of America SecDowngradeNeutralSell
    7-Dec-04Raymond JamesInitiatedMkt Perform
    6-Dec-04Caris & CompanyUpgradeAbove AverageBuy
    19-Nov-04Goldman SachsUpgradeUnderperformOutperform
    11-Nov-04UBSDowngradeBuyNeutral
    11-Nov-04Wells Fargo SecInitiatedHold
    25-Oct-04Smith Barney CitigroupUpgradeHoldBuy
    29-Sep-04AmTech ResearchUpgradeHoldBuy
    13-Sep-04BernsteinUpgradeMkt PerformOutperform
    9-Sep-04Harris NesbittDowngradeOutperformNeutral
    7-Sep-04Lehman BrothersDowngradeOverweightEqual-weight
    11-Aug-04Smith Barney CitigroupDowngradeBuyHold
    11-Aug-04AmTech ResearchDowngradeBuyHold
    26-Jul-04Deutsche SecuritiesDowngradeBuyHold
    12-Jul-04Merrill LynchDowngradeBuyNeutral
    14-Jun-04AmTech ResearchInitiatedBuy
    11-May-04Lehman BrothersUpgradeEqual-weightOverweight
    26-Apr-04JP MorganInitiatedUnderweight
    17-Mar-04Caris & CompanyInitiatedAbove Average
    26-Feb-04Smith Barney CitigroupUpgradeHoldBuy
    30-Jan-04Deutsche SecuritiesUpgradeHoldBuy
    15-Dec-03SG CowenUpgradeOutperformStrong Buy
    7-Oct-03FulcrumInitiatedBuy
    5-Sep-03Deutsche SecuritiesUpgradeSellHold
    2-Sep-03Soundview TechnologyUpgradeNeutralOutperform
    27-Aug-03Lehman BrothersUpgradeUnderweightEqual-weight
    4-Aug-03Soundview TechnologyInitiatedNeutral
    31-Jul-03Merrill LynchUpgradeNeutralBuy
    30-Jun-03Smith Barney CitigroupDowngradeOutperformIn-line
    22-May-03Deutsche SecuritiesDowngradeHoldSell
    7-Mar-03Deutsche SecuritiesUpgradeSellHold
    3-Mar-03JMP SecuritiesDowngradeStrong BuyMkt Outperform
    20-Feb-03USB Piper JaffrayUpgradeMarket PerformOutperform
    13-Feb-03JMP SecuritiesUpgradeMkt OutperformStrong Buy
    7-Jan-03AG EdwardsInitiatedHold
    4-Dec-02Deutsche SecuritiesDowngradeHoldSell
    13-Nov-02Salomon Smth BrnyUpgradeIn-lineOutperform
    5-Nov-02JMP SecuritiesInitiatedMkt Outperform
    25-Oct-02UBS WarburgDowngradeBuyHold
    2-Oct-02BernsteinInitiatedMkt Perform
    18-Sep-02Investec IncInitiatedReduce
    5-Sep-02CSFBDowngradeBuyHold
    5-Sep-02Bear StearnsDowngradeBuyAttractive
    2-Jul-02Salomon Smth BrnyDowngradeBuyNeutral
    18-Jun-02Punk, Ziegel & CoInitiatedBuy
    21-May-02Morgan StanleyUpgradeEqual-weightOverweight
    11-Feb-02CSFBUpgradeHoldBuy
    8-Feb-02UBS WarburgUpgradeHoldBuy
    7-Dec-01Dresdner Klnwrt WassDowngradeBuyAdd
    7-Dec-01Salomon Smth BrnyUpgradeOutperformBuy
    10-Oct-01Deutsche Bc Alex. BrInitiatedMkt Perform
    2-Oct-01UBS WarburgInitiatedHold
    5-Sep-01CSFBInitiatedHold
    8-Aug-01Gerard Klauer MattisonDowngradeBuyOutperform
    27-Jul-01Bear StearnsUpgradeAttractiveBuy
    8-Jun-01Bear StearnsDowngradeBuyAttractive
    28-Mar-01Banc of America SecInitiatedMkt Perform
    5-Jan-01Gruntal & CoUpgradeNT Mkt Prfm/LT OutprfmNT/LT Outperformer
    7-Dec-00Merrill LynchDowngradeNT AccumNT Neutral
    25-Oct-00UBS WarburgDowngradeStrong BuyBuy
    24-Oct-00Banc of America SecDowngradeStrong BuyBuy
    24-Oct-00Gruntal & CoDowngradeNT OutperformerNT Mkt Performer
    24-Oct-00JP MorganDowngradeBuyMkt Perform
    24-Oct-00Mrgn Stnly Dn WttrDowngradeStrong BuyOutperform
    5-Jul-00Salomon Smth BrnyDowngradeBuyOutperform
    20-Jun-00Merrill LynchUpgradeLT AccumLT Buy
    5-Apr-00Warburg Dillon ReadUpgradeBuyStrong Buy
    16-Dec-99Banc of America SecUpgradeBuyStrong Buy
    10-Dec-99SG CowenUpgradeNeutralBuy
    22-Oct-99Mrgn Stnly Dn WttrUpgradeOutperformStrong Buy
    10-Sep-99Needham & CoDowngradeBuyHold
    10-Sep-99Josephthal & LyonUpgradeHoldBuy
    23-Aug-99Bear StearnsInitiatedBuy
    16-Aug-99Warburg Dillon ReadUpgradeHoldBuy
    10-Aug-99Banc of America SecInitiatedBuy $35
    23-Jun-99Lehman BrosUpgradeNeutralBuy
    11-Jun-99JP MorganUpgradeMkt PerformBuy
    11-Jun-99Josephthal & LyonDowngradeBuyHold
    11-Jun-99Needham & CoDowngradeStrong BuyBuy
    26-May-99Needham & CoUpgradeBuyStrong Buy
    19-May-99Needham & CoDowngradeStrong BuyBuy
    6-May-99Mrgn Stnly Dn WttrUpgradeNeutralOutperform
    6-May-99Merrill LynchUpgradeNT/LT NeutralNT/LT Accum
    5-May-99DLJUpgradeMkt PerformBuy
    5-May-99Gruntal & CoUpgradeHoldBuy
    5-May-99BB Rbrtsn StphnsUpgradeLT AttractiveBuy
    29-Apr-99BT Alex. BrownUpgradeMkt PerformBuy
    13-Apr-99Salomon Smth BrnyInitiatedHold
    12-Mar-99Needham & CoUpgradeBuyStrong Buy
    9-Feb-99DLJInitiatedMkt Perform
    1-Feb-99Needham & CoUpgradeHoldBuy
    4-Dec-98Needham & CoDowngradeBuyHold
    3-Dec-98NB MontgomeryUpgradeHoldBuy
    5-Nov-98Needham & CoDowngradeStrong BuyBuy
    25-Sep-98Lehman Bros.InitiatedNeutral
    21-Aug-98Merrill LynchDowngradeLT AccumulateLT Neutral
    20-Aug-98Mgn Stnly Dn WitterDowngradeOutperformNeutral
    6-Aug-98DLJUpgradeBuyTop Pick
    30-Jul-98CS First BostonInitiatedHold
    15-May-98Salomon Smth BrnyDowngradeNeutralUnderperform
    15-May-98Cowen & CoDowngradeBuyNeutral
    13-Mar-98SBC Wrbg Dlln RdDowngradeOutperformNeutral

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