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Technology Stocks : Brocade Communications Systems,Inc. (Nasdaq-BRCD) -- Ignore unavailable to you. Want to Upgrade?

To: Neville H. J. Gorman who wrote (344)	11/30/1999 2:13:00 PM
From: Mohan Marette	Respond to of 1583

Robertson Stephens Reiterates BUY rating,raises estimates on BRCD Tuesday November 30, 1:49 pm Eastern Time Company Press Release Robertson Stephens Reiterates Buy Rating, Raises Estimates on BRCD SAN FRANCISCO--(BUSINESS WIRE)--Nov. 30, 1999--Robertson Stephens Managing Director and Senior Communications/Networking Analyst Paul Johnson today reiterated his Buy rating on Brocade Communications (NASDAQ:BRCD - news). Brocade Communications, based in San Jose, Calif., is a pioneering vendor in the market for Fibre Channel, which offers high-speed connection technology. ``We are reiterating our Buy rating on Brocade and raising our revenue and earnings estimates for fiscal 2000 to reflect the better-than-expected financial performance in the October quarter, the increasing visibility Brocade has into its customer base, and the overall outlook for the Fibre Channel market,' said Johnson. ``We are raising our fiscal 2000 earnings-per-share estimate from $0.50 to $0.70. We also are initiating estimates for fiscal 2001, which also reflect our bullish stance on the overall Fibre Channel market. Our new fiscal 2001 earnings-per-share estimate is $1.33. We believe our estimates remain conservative,' said Johnson. Clients interested in receiving more information should contact their salesperson at (415) 781-9700. BancBoston Robertson Stephens Inc. (``Robertson Stephens') is the leading full-service investment bank focused exclusively on growth companies. To date in 1999, the firm has completed over 180 public offerings and over 40 private offerings, raising more than $30 billion in capital for clients. The firm's 47 research analysts cover nearly 700 companies. Founded in 1978, Robertson Stephens is a section 20 subsidiary of FleetBoston Financial Corporation (NYSE: FBF - news) and a member of the NASD and all major exchanges. Together, Robertson Stephens, BancBoston Robertson Stephens International Ltd., and Robertson Stephens Evergreen Securities Ltd. employ over 1,000 employees worldwide with offices in Boston, San Francisco, New York, Menlo Park, Chicago, London, and Tel Aviv. For more information about the firm, please visit our Web site at www.rsco.com. biz.yahoo.com