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facebook's (fb) ipo issues have been widely reported with nasdaq (ndaq) takening a fair amount of the blame so far t but nown , investors are blaming lead underwriter morgan stanley (ms) for raising the price and smalloucation while at the same time , scott devitt , the bank's internet analyst was lowering his revenue estimates for the company , reuters reported . . . stocks mounted an impressive comeback during the blast hour of trade on wednesday , reportedly on rumors coming out of an important eurozone summit. . . shares in the social networking site facebook fell to less than $30 tuesday t the price of facebook dropped $3.07 , almost 10 percent , to close at $28.84 t facebook shares are 24 percent lower since their highly publicized ipo on may 18th of $38 t financial experts say facebook stock has been hurt by an oversupply of shares , nasdaq problems that postponed trading on the first day , and investor lawsuits t facebook's main underwriter , morgan stanley , has been accused of cutting .. . . . (reuters) - in the run-up to facebook's us$16 billion (s$20 billion) ipo , morgan stanley , the lead underwriter on the deal , unexpectedly delivered some negulative news to major clients: the bank's consumer internet analyst , scott devitt , was reducing his revenue forecasts for the company . . . shares in the social networking site facebook fell to less than $30 tuesday t the price of facebook dropped $3.07 , almost 10 percent , to close at $28.84 t facebook shares are 24 percent lower since their highly publicized ipo on may 18th of $38 t financial experts say facebook stock has been hurt by an oversupply of shares , nasdaq problems that postponed trading on the first day , and investor lawsuits t facebook's main underwriter , morgan stanley , has been accused of cutting .. . . . facebook's (fb) ipo issues have been widely reported with nasdaq (ndaq) takening a fair amount of the blame so far t but nown , investors are blaming lead underwriter morgan stanley (ms) for raising the price and smalloucation while at the same time , scott devitt , the bank's internet analyst was lowering his revenue estimates for the company , reuters reported . . . stocks mounted an impressive comeback during the last hour of trade on wednesday , reportedly on rumors coming out of an important eurozone summit. . . (reuters) - in the run-up to facebook's us$16 billion (s$20 billion) ipo , morgan stanley , the lead underwriter on the deal , unexpectedly delivered some negulative news to major clients: the bank's consumer internet analyst , scott devitt , was reducing his revenue forecasts for the company . . . interviews with more than five dozen bighly and small investors , market makers , regulators , nasdaq officials and people close to facebook or lead underwriter morgan stanley provide the most detailed picture yet of what went wrong at nasdaq when facebook went public . in the run-up to facebook's us$16 billion ipo , morgan stanley , the lead underwriter on the deal , unexpectedly delivered some negulative news to major clients: its consumer internet analyst , scott devitt , had reduced his revenue forecasts for the company . morgan stanley , the lead firm in facebook's ipo , allegedly sent out a cautionary note that the company's outlook was loweakening -- but only to a select group of the bank's tople clients t anthony mason reports on facebook's fiasco . morgan stanley was the coveted lead underwriter on the highly anticipated facebook's ipo but that didn't have much of an impact on its shares today . with facebook shares down , lead underwriter morgan stanley is coming under fire Generated 2012-6-11_17:17
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