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

To: Mohan Marette who wrote (444)	2/18/2000 10:50:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 1583

RESEARCH ALERT - Brocade raised: 'Killer' first quarter results-Bear Stearns. Friday February 18, 10:34 am Eastern Time NEW YORK, Feb 18 (Reuters) - Morgan Stanley Dean Witter raised its rating on Brocade Communications Systems Inc.(NasdaqNM:BRCD - news) on Friday and Bear Stearns boosted its price target for the provider of switches for computer storage systems. -- Morgan Stanley said it raised its rating on Brocade to strong buy from outperform. -- Further details were not immediately available. -- Bear Stearns said analyst Shaw Wu boosted his price target on the shares to $350. -- "For FY00, we are raising our estimate to $0.60 from $0.45, for FY01, from $0.60 to $0.90, and for FY2002, from $0.95 to $1.40. -- ``We are raising our estimates owing to our outlook for accelerating revenue growth. We believe these raised estimates could turn out conservative given Brocade's momentum.' -- Said Brocade reported "killer" first quarter on Thursday. -- Shares up 28-1/8 at 271-3/4.