MCDT Message Board - Msg: 16658392

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Technology Stocks : MCDT

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To: Proud_Infidel who wrote (71)	11/14/2001 3:57:58 PM
From: Proud_Infidel	Read Replies (1) of 145

More info..... RESEARCH ALERT-McData started as a ``market perform'' NEW YORK, Nov 14 (Reuters) - Robertson Stephens on Wednesday said analyst Dane Lewis initiated coverage on data storage company McData Corp. (NasdaqNM:MCDT - news) with a ``market perform'' rating and set a price target of $18. Lewis said he expects the company to post 2001 operating earnings of 15 cents a share and 2002 operating earnings of 17 cents a share. ``In our view, the company is positioned for long-term growth driven by the fast-growing fire channel storage switching market. We are, however, cautious on the stock until such time that we see an improvement in the likelihood of financial outperformance to our published estimates, which would allow the company to grow into its multiple; or valuation multiples reach compelling levels,'' Lewis wrote. In morning trade, the stock was off 73 cents to $17.52 per share.

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