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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.38

+0.4%

Dec 24 4:00 PM EST

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To: mattie who wrote (35571)	12/18/2001 2:26:24 PM
From: Johnny Canuck	Read Replies (1) of 69211

They appear to downgrading the major players in the storage sector. Is there any reason to believe there will be an upside catalyst near term? ***************** 12:07 ET QLogic (QLGC) 50.76 -0.40 (-0.8%): Sources at Salomon Smith Barney telling us they continue their cautious stance on QLGC; sees no upside to current qtr, which could come in at the lower end of ests; valuation is high, firm reiterates Hold rating. 13:41 ET CSFB on Brocade/McDATA : Sources at CSFB telling us the firm is cautious on McDATA (MCDT) and Brocade Communications (BRCD) -- hearing that Hitachi has plans to enter the SAN switching market in 2H02

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