Vixel underwriters: BancBoston Robertson Stephens, Bear, Stearns and Needham & Co.
Vixel stands an excellent chance to occupy one of the slots in the IPO.com Top 30 which tracks elite first day performing stocks in the IPO market.
Storage area network product demand is growing at an estimated 50% annual rate with the market expected to grow from $2.5 billion in 1998 to $13.3 billion in 2002.
One of the year's best performers, Brocade Communications, with the aid of Morgan Stanley Dean Witter offered 3.25 million shares at $19 and has never looked back. At a recent trade of 215, BRCD posts a sparkling aftermarket gain of 1,032% after churning out an inception return of over 138%.
Some of Vixel's heavyweight clients include Sun Microsystems, Compaq Computer, Hewlett-Packard and Interphase.
Tokyo Joe recommends VIXL 42 Leaders in SAN ,, VIXL sales 39 mil float 3.7 price 41.68 .. brcd sales 44 mil float 3.3 price 210.00,,, zoox sales 28.6 float 3.5 price 53.00,, it too is getting ready for mergers ,, to fight CSCO LU HWP ,, industry that is expected to grow ,, next ten years ,,
tokyojoe.com
The Red Herring likes ATON and VIXL.
BRCD
Revenues = $44.0M
Earnings = $(4.2)M
Shares Outstanding = 26.7M
Marketcap = $5,593.7M
Price to Sales = 127.1
VIXL
Revenues = $40.3M
Earnings = $(27.2)M
Shares Outstanding = 22.2M
Marketcap = $925.5M
Price to Sales = 23.0
ZOOX
Revenues = $28.6M
Earnings = $(15.6)M
Shares Outstanding = 24.6M
Marketcap = $1,303.8
Price to Sales = 45.6
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