Affymetrix maintained by Merrill at sell

Affymetrix Inc. was maintained by Merrill Lynch analyst J. Darryl Pardi at a sell rating. Merrill reduced earnings-per-share estimates in light of the company's anticipated slower revenue growth. Management expects consolidated revenues to grow 15% this year versus Merrill's prior forecast of 22% growth. The company's outlook is disappointing relative to management's optimism during 2005 and because the company has one of the most robust new product portfolios in the history of the company. Shares of the Santa Clara, Calif., maker of scientific and technical instruments were down $3.63, or 7.74%, at $43.27 on volume of 6,199,823 shares versus the three-month running average of 980,894 shares.

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