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Technology Stocks : MCDT
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To: Proud_Infidel who wrote (104)3/6/2002 8:21:56 AM
From: jad   of 145
 
McDATA (MCDT 12.60 -3.33) is getting hit hard in extended action after the data storage company lowered its Q1 forecast to a loss of $0.02-$0.04 per share on revenues of $73-$78 mln versus prior guidance of $0.00-$0.02 on revenues of $85-$95 mln; First Call consensus is profit of $0.02 and $91 mln. MCDT cited the continuing cautious approach to IT storage and related infrastructure investment spending in the early months of 2002 for the revision; related stocks include BRCD, EMLX, QLGC, and NTAP... from briefing
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