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


To: Mohan Marette who wrote (400)1/12/2000 11:40:00 AM
From: Mohan Marette  Read Replies (1) | Respond to of 1583
 
BRCD view raised,target $200-205 (Bear Stearns)

Wednesday January 12, 11:32 am Eastern Time

RESEARCH ALERT - Brocade view raised

NEW YORK, Jan 12 (Reuters) - Bear Stearns analyst Andrew Neff raised his outlook for earnings per share at computer storage company Brocade Communications Systems Inc. Wednesday.

-- ``Our new estimates are $0.45 for FY2000 (up from $0.39), $0.60 for FY2001 (up from $0.55), and $0.95 for 2002 (up from $0.90),' he said in a report.


-- "We sense that business strength at Brocade is
broad-based."
-- reiterated buy rating.
-- reiterated $200-$205 price target.
-- shares flat at 162.


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