Affymetrix's (AFFX -15%) warning that it’s seeing academic institutions pull back on...

|By:, SA News Editor

Affymetrix's (AFFX -15%) warning that it’s seeing academic institutions pull back on spending could ripple through other science equipment makers, Mizuho analyst Peter Lawson says. While Mizuho continues to recommend AFFX as a Buy on valuation, it's trimming estimates and turns negative on academically-exposed names: ILMN +1%, LIFE -0.7%, FLDM -1.3%, TMO -0.6%.