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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (70844)	11/23/1999 2:56:00 AM
From: GuinnessGuy	Read Replies (1) of 132070

Mike, I see you have Brocade on your list of possible short/put candidates. As you probably know, today(Monday) was the first day of trading after BRCD's lockup ended. And the stock was up $46!!! Soundspew(what timing!) initiated coverage with a price target of $380. Also, I've heard from several sources at Comdex that IBM was demo-ing an Ancor switch. The story seems to be that it wasn't intended that way and that they had the Brocade switch on top of the Ancor switch although it wasn't hooked up. Rumor has it that they couldn't get the Brocade switch to work properly. For those who don't follow this story, BRCD has an OEM agreement with IBM while Ancor does not. I'm trying to find out from my sources whether this story holds any water. In any case, you may be right in that it's time to stick a fork in Brocade. Ancor's new product line would suggest that they have an inside track now so that the market caps of these two should converge. Will you be going long Ancor and short BRCD? Craig

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