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Technology Stocks : Blue Coat Inc.

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To: Glenn Petersen who started this subject9/11/2000 2:27:01 PM
From: William F. Wager, Jr.   of 218
 
R.Stephens upgrade...

Rating Change:

CacheFlow (Nasdaq: CFLO) ($113.38)

2001 EPS: ($0.20) from ($0.23)

Strong Buy from Buy

Dane Lewis, Network Storage Systems and Software

"We believe CacheFlow will capitalize on the rapid growth of the Internet content delivery and caching
market," said Lewis. "The widespread adoption of broadband access will make the current Internet
infrastructure insufficient, driving demand for caching solutions. We believe CacheFlow is well
positioned to gain leadership in the enterprise, carrier and content acceleration markets. We are
raising our rating from Buy to Strong Buy."
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