Son of SAN - Storage Networking Technologies Message Board

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Technology Stocks : Son of SAN - Storage Networking Technologies

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To: Sam who wrote (4440)	3/5/2002 4:37:05 PM
From: James Calladine	Read Replies (1) of 4808

16:33 ET McDATA Reaction Prices vs 4 pm ET close -- Storage sector selling off in response to the warning by MCDTA. Sector peers EMLX -0.67, QLGC -1.20, BRCD -0.90 and NTAP -0.45 each lower in sympathy. 16:31 ET MCDT McDATA lowers Q1 guidance (15.93 -2.20) -- Update -- Co lowers their Q1 forecast to a loss of $0.02-$0.04 on revs of $73-$78 mln, vs prior guidance of $0.00-$0.02 on revs of $85-$95 mln. The co will hold a webcast today at 5:00 PM ET. The co cites the continuing cautious approach to IT storage and related infrastructure investment spending in the early months of 2002 as the reason for the revision.

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