Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who wrote (9115)	7/1/2002 12:53:35 PM
From: Dave Gore	Read Replies (1) of 16631

12:18 ET BRCD Brocade started with a Sell rating at Lazard Freres (16.90 -0.58) Good call or attempt by them to profit short or pickup cheaper? This will be a fun one to watch. *** Storage sector continues to trade defensively, with group leaders off 2.8% to 4.7% today. Not helping matters is morning note out of Lazard Freres initiating coverage of Brocade with a SELL rating and $12 price target. The call is based on valuation, as firm believes investors have mistaken near-term market share gains for long-term organic growth. This has led to an enterprise value that is 2.4x greater than firm's estimate of the entire market in 2006.

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