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Technology Stocks : McData (MCDT)

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To: Gus who wrote (54)9/5/2000 10:01:37 AM
From: Gus  Read Replies (1) of 234
 
25-day IPO quiet period ends. Analyst coverage begins.

McData Corp. Merrill Lynch N-T Accumulate L-T Buy Sets $118 12-month price objective

McData Corp. (MCDT: news, msgs) CS First Boston Buy Sets $140 12-month price target

cbs.marketwatch.com

RESEARCH ALERT-McData/ScreamingMedia/Evolve start

NEW YORK, Sept 5 (Reuters) - Deutsche Banc Alex. Brown on Monday said it started McData Corp. (NasdaqNM:MCDT - news), ScreamingMedia Inc. (NasdaqNM:SCRM - news) and Evolve Software Inc. (NasdaqNM:EVLV - news) as buys.

-- firm initiated McData with a six to 12-month price target of $120 and ScreamingMedia with a 12-month price target of $23.

-- McData shares closed on Friday at $107-2/16, Screaming Media shares closed at $12-2/16, and Evolve closed at $23-4/16, all on Nasdaq

biz.yahoo.com

Recap

MER - $118 ($12.6B cap)
DAB - $120 ($12.8B cap)
CSFB - $140 ($14.9B cap)

BRCD - $25.2B cap

Lots of splits and upgrades to go.

Also, EMC, McDATA, Emulex and Gadzoox are presenting at the CSFB Communications Conference in Santa Barbara, CA this week.

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