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Technology Stocks : Brocade Communications -- Ignore unavailable to you. Want to Upgrade?

To: w2j2 who wrote (51)	6/21/1999 11:21:00 PM
From: w2j2	Read Replies (1) \| Respond to of 55

CHICAGO, June 21 (Reuters) - Dain Rauscher Wessels said Monday it initiated coverage of Brocade Communication Systems, a supplier of fiber channel switching solutions, with a strong buy rating. --Brocade was started with a strong buy based on "...the company's technology leadership, intellectual property portfolio, experienced management team and strong relationships with key technology companies," Dain Rauscher wrote in a research note. --Dain Rauscher expects Brocade to post sequential quarterly revenue growth rates of 5 to 10 percent in 2000, with sequential revenue growth rates in 2001 seen at 10 to 15 percent. --Brocade's earnings per share for the 1999 fiscal year ended October 31 are seen at $0.02, and earnings per share in 2000 seen at $0.41, according to Dain Rauscher estimates. --Shares of Brocade were off 3-1/2 at $81-1/4. chicago.equities.newsroom@reuters.com))