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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 689.52

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Jan 7 4:00 PM EST

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To: j g cordes who wrote (35950)	1/24/2002 9:29:50 AM
From: xcr600	Read Replies (2) of 69561

Well ZOOX has some news.. 09:05 ET Gadzoox Ntwrks (ZOOX) 0.70: Announces that Compaq (CPQ) is offering the Gadzoox Networks' 2Gb Open Fabric 6-port switch as an option in their new StorageWorks Modular SAN Array 1000. ALso received 8.9mln in financing. SAN JOSE, Calif., Jan. 24 /PRNewswire-FirstCall/ -- Gadzoox Networks Inc. (Nasdaq: ZOOX - news), a global supplier of intelligent Storage Area Network (SAN) products, today announced that it closed on the sale of approximately $3.9 million of common stock in a transaction with Balch Hill Capital and another private investor. The company raised an additional $5 million from its sale of a convertible debenture to Berg and Berg Enterprises, LLC, a private venture capital firm that has invested in over 50 Silicon Valley companies. The investment will be used to continue the successful launch of Gadzoox Networks' Slingshot 2Gb Open Fabric switch platform and to support the development of future products and programs. Gadzoox Networks will go into more detail regarding this announcement during its Fiscal 2002 third quarter earnings call. The call will be held on Monday, January 28 at 1:30 p.m. PST. For more information on the conference call please go to gadzoox.com Will be interesting to see the terms of the financing...

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