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Technology Stocks : Foundry Networks, Inc. FDRY -- Ignore unavailable to you. Want to Upgrade?


To: Charlie Schultz who wrote (443)10/25/1999 9:41:00 AM
From: sam  Respond to of 1225
 
Look for "copper" product announcements. ;)



To: Charlie Schultz who wrote (443)10/25/1999 10:09:00 AM
From: Mohan Marette  Read Replies (3) | Respond to of 1225
 
Morgan Stanley starts FDRY with 'buy',target $225,calls FDRY a pioneer-BD Alex Brown also issues-Buy

Charlies:

Wait till the earnings comes out the middle of the week.

=============================

Monday October 25, 9:48 am Eastern Time

RESEARCH ALERT - Foundry Networks started

NEW YORK, Oct 25 (Reuters) - J.P. Morgan analyst Gregory Geiling said he started coverage of computer networking firm Foundry Networks Inc. Monday with a rating of buy.

-- In a report, he called the company ``a pioneer in the development of next-generation, high-speed network infrastructure based on gigabit Ethernet and higher-layer functionality called Layer 4-7 switching.'

-- Geiling set a $225 12-month price target.

-- The shares were up 4-11/16 to 168-1/2.

-- Deutsche Banc Alex. Brown said it started coverage of Foundry Networks with a rating of buy.

-- Further details were not immediately available.