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Politics : High Tolerance Plasticity

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To: kodiak_bull who wrote (8113)	9/18/2001 11:57:52 AM
From: stockman_scott	Read Replies (1) of 23153

Storage Stocks Weather Monday's Selloff... byteandswitch.com <<...Wall Street analysts covering the storage industry say that last week's terrorist attacks may spur companies that hadn't yet implemented data storage and backup plans to do so, leading to incremental sales gains in the latter part of the year. "Recent events could provide a catalyst for middle market companies to reconsider their capabilities and readiness," say analysts Glenn Hanus and Rich Kugele of Needham & Co., in a special report issued Monday. Though the analysts say the attacks will likely cause some short-term fiscal disruptions, they are keeping their Buy ratings on EMC, Veritas, ADIC and StorageTek. CIBC World Markets telecommunications analyst James Jungjohann also issued a special report Monday, in which he asserts that storage networking plans will probably become a top priority at many corporations, since "the case for the high reliability of corporate data has never been more painfully brought to the forefront." CIBC maintains its Buy ratings on Brocade as well as on SAN components vendor QLogic Corp. (Nasdaq: QLGC - message board), which lost $1.05 per share Monday to close at $25.78...>>

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