Brocade Communications Systems,Inc. (Nasdaq-BRCD) Message Board

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Technology Stocks : Brocade Communications Systems,Inc. (Nasdaq-BRCD)

BRCD 12.73

0.0%

Nov 20 4:00 PM EST

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To: Mohan Marette who started this subject	2/9/2004 8:14:35 AM
From: manny t	of 1583

08:06 ET BRCD upgraded at CE Unterberg 6.50: CE Unterberg upgrades Brocade to Buy from Mkt Perform based on valuation (stock trades at 30x FY05 consensus), their view that the competitive environment has subsided, and their belief that the co is executing well on the timely delivery of its new products; firm says these factors, combined with incremental storage switching mkt growth (particularly at the mid-range segment) is likely to enable BRCD to maintain and build on its sequential top-line growth. Target is $8.50.

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