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Technology Stocks : Vixel (vixl), a fibre channel company!
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To: xcr600 who wrote (233)10/27/1999 11:39:00 PM
From: xcr600   of 377
 
When will we see Bear Stearns....

ROBERTSON STEPHENS INITIATES COVERAGE OF VIXL WITH
A BUY RATING


Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--Oct. 27, 1999--Robertson Stephens Managing Director and
Senior Communications and Networking Analyst Paul Johnson today initiated coverage of Vixel Corp.
(NASDAQ:VIXL) with a Buy rating. Vixel manufactures and markets an end-to-end storage-interconnect
solution consisting of Fibre Channel switches, managed and unmanaged hubs and intelligent
transceivers. "We are initiating coverage of Vixel with a Buy rating," said Johnson. "We expect an
opportunity for upside surprise in revenues and earnings as the market for Fibre Channel accelerates
over the next few years. Vixel has emerged as one of the leading vendors for Fibre Channel hubs and
switches. We believe Vixel will have the opportunity to fully exploit the market's development." "Vixel
recently reported solid, in-line September quarter results," said Johnson. "We estimate that unit growth
in the company's fibre-channel-switching line was up by as much as 40 percent sequentially."

Clients interested in receiving more information should contact their salesperson at (415) 781-9700.

Vixel Corp. Rated New `Buy' at Needham & Co.


Princeton, New Jersey, Oct. 27 (Bloomberg Data) -- Vixel Corp. (VIXL US) was rated ``buy' in new
coverage by analyst Glenn Hanus at Needham & Co. The 12-month target price is $53.00 per share.
NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.
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