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Technology Stocks : Emulex, What Prospects?

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To: pass pass who wrote (785)7/23/2001 8:52:11 AM
From: James Calladine  Read Replies (1) of 788
 
THE WIDE WORLD OF ANALYST LAND--EMLX

<<<08:29 ET Emulex (EMLX) 24.07: FAC/Equities downgrades to NEUTRAL from Buy and lowers 2002 earnings estimate to $0.33 from $0.54; with weakness from EMC, VRTS, MCDT, in addition to continued weakness at component supplier FNSR, believes EMLX will also indicate future expectations for earnings below current estimates; firm reduces price target to $19 from $28.>>>

Namaste!
Jim
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