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Technology Stocks : Vixel (vixl), a fibre channel company! -- Ignore unavailable to you. Want to Upgrade?

To: KevinMark who wrote (149)	10/11/1999 10:59:00 PM
From: KENNETH DOAN	Read Replies (3) \| Respond to of 377

MARKETS Final Bell - 10/11/99: STOCK ALERTS Stock Alert of the Week: Institutions may start buying Vixel shares. Vixel (symbol: VIXL) is a leading developer, manufacturer, and supplier of interconnect solutions for use in storage area networks, or SANs. SAN optimizes the performance of switches and hubs for maximum availability and stability in corporate networks. The explosive growth for SANs has been and will continue to be fueled by the rapid expansion of the Internet usage and infrastructure requirement for connectivity, reliability and high speed transfer rates. IDC's research indicated that worldwide revenue from SAN products should grow to $13.3 billion in 2002 from $2.5 billion in 1998. We believe Vixel should poised to move up big based on VIXL's current $750 million market valuation, comparing to the likes Brocade Communications Systems at a whopping $6 billion market cap, and Gadzoox Networks at $1.5 billion. Second, both Brocade and Vixel's product lines, market visibility, and revenue growth look "strikingly" similar to us. Vixel also partners with industry leaders Sun Microsystems, Compaq, HP, IBM, and NEC. On top, Vixel will begin to receive several analysts' buy coverage soon, and we believe that now is the best time to dig a bit further into this company. David Menlow of IPO Financial Network agreed and recently commented that VIXL "is a hot idea and one that doesn't really have the market's complete attention yet. It's just getting started."' We believe the short-term flipping of PRE-IPO shares for quick profits has ended today, and VIXL could start to "explode" once institutions begin to accumulate shares of this hot IPO in the coming days. VIXL traded as high as $53 1/2 during the first day of trading, the current float stands at 4.3 million shares, bottoming out today, we think VIXL looks very attractively priced at this time. Our editor thinks VIXL is a "must have" SAN stock like that of BROC and ZOOX, we have raised our own VIXL's price target to $50 medium-term time frame.