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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who wrote (4310)	3/25/2002 7:06:26 PM
From: Roger Bodine	of 16631

CPN has been going up for awhile, this news out may bring it back some. Might be good for another run up afterwards. Also a note on BRCD below. 16:28 ET Calpine says today's S&P downgrade will not trigger defaults (CPN) 13.68 -0.23: Co confirms that its operations are not significantly affected by S&P's downgrade of CPN's corporate credit rating to BB from BB+ and of its senior unsecured debt to B+ from BB+; the co also said that the S&P downgrade does not trigger any defaults under the co's credit agreements. 16:23 ET Brocade Comms comments on Q2 (BRCD) 24.50 -1.51: -- Update -- Hearing from trading floor sources citing Dow Jones that company says it will meet or exceed Q2 estimates. Note that we were hearing similar commentary earlier today about "upbeat commentary" out of an analyst meeting (see 3:10 ET conference).

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