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Technology Stocks : Brocade Communications Systems,Inc. (Nasdaq-BRCD)
BRCD 12.730.0%Nov 20 4:00 PM EST

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To: Mohan Marette who started this subject6/3/2003 8:11:08 AM
From: manny t  Read Replies (1) of 1583
 
07:28 ET BRCD Brocade upgraded at Merrill Lynch (6.04)
Merrill Lynch upgrades to Buy from Neutral based on: 1) improving competitive position against MCDT and CSCO, 2) resolution of OEM inventory issues, 3) continued strong demand and stable pricing for SANs, and 4) attractive valuation relative to its past and MCDT; raises FY03-04 ests above consensus; target is $7.75.
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