Emulex, What Prospects? Message Board

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Technology Stocks : Emulex, What Prospects?

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To: Jack Hartmann who wrote (284)	3/30/2000 11:02:00 AM
From: Neville H. J. Gorman	Read Replies (1) of 788

Thursday March 30, 10:05 am Eastern Time RESEARCH ALERT - Emulex started as buy NEW YORK, March 30 (Reuters) - Chase H & Q on Thursday started investment coverage of Emulex Corp. (NasdaqNM:EMLX - news) with a buy. -- Analyst William Lewis set a six to nine month price target of $200 for the company, which builds high-capacity interconnections that let computer networks handle more data. -- ``We believe (Emulex) revenue will continue to grow faster than the market, with increasing operating leverage from higher volume levels and 100 percent of revenues coming from Fibre Channel (FC) in FY01,' Lewis wrote in a research note. -- ``We expect the UNIX market to continue to drive the majority of FC revenue given the large installed base of systems, the current dominance of UNIX in enterprise applications and the high rate of penetration of FC in UNIX environments,' he wrote. -- Said recent 45-percent drop in stock makes for an excellent buying opportunity. -- Said expects company to exceed firm's FQ3 forecast of $0.19 a share. Shares gained 12-5/16 to 134 in early Nasdaq trading on Thursday. biz.yahoo.com

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