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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: Randall E. Gann who wrote ()	5/22/2000 7:44:00 AM
From: Bob Frasca	Read Replies (2) of 29386

Brocade has seriously annoyed Ashok Kumar judging by this. Presumably, this is also a threat to ANCR/QLGC yet he singles out Brocade only. A privately-held company, Nishan, will "come out of the closet" the week of May 22nd with a technology that could blow Brocade out of the water, according to a report from U.S. Bancorp Piper Jaffray which downgrades the stock to "neutral." Nishan's SoIP (storage over IP) initiative "could be one of the most significant changes in the industry during the next 5 years," according to the report. The concept is: Fibre Channel is a relatively poor implementation vehicle for storage area networks with so much IP based networking available. "Brocade's PEG multiple is almost 75 percent overvalued relative to the S&P 500...with weakening fundamentals and inflated valuations, can investors afford to ignore the writing on the wall?" stated analyst Ashok Kumar in the report. Brocade closed down 7 3/8 to 110 1/4 Friday. Here's the link. zdii.com

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