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Technology Stocks : Network Appliance

NTAP 106.38

-0.4%

Nov 18 3:59 PM EST

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To: Crystal ball who wrote (8722)	7/25/2001 8:01:38 AM
From: Boplicity	Read Replies (1) of 10934

07:57 ET Salomon Cuts Storage : Salomon downgrades Emulex (EMLX 22.81) and QLogic (QLGC 40.74) two notches to NEUTRAL from Buy, cuts price targets to $23 from $52 on EMLX and $42 from $70 on QLGC; downgrades JNI (JNIC 9.12) to NEUTRAL from Outperform and cuts target to $10 from $22. In all three downgrades, Salomon cites recent data that indicate the economic downturn is beginning to impact host bus adapter vendors. Also lowers estimates on INRG, BRCD, and LGTO.

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