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

To: Larry Zenith who wrote (456)	2/23/2000 12:14:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1583

RESEARCH ALERT - Dain Rauscher ups Brocade target to $375.00 NEW YORK, Feb 23 (Reuters) - Dain Rauscher said Wednesday it raised its target price on shares of Brocade Communications Systems (NasdaqNM:BRCD - news), noting that the company will expand its European operations. --Dain Rauscher analysts Thomas Erickson and Thomas Coler pushed their price target on Brocade to $375 per share from $188. The analysts have a strong buy rating on Brocade, which provides switches for computer storage systems. --Dain Rauscher said it based the target price hike on an announcement from Brocade on Tuesday that the company struck deals with ten European partners, certifying them to sell and support Brocade's family of switches and software. --``This announcement providing further confidence in our earnings expectations for the company,' Dain Rauscher said in a research report. ``These new systems integration relationships also solidify Brocade's dedication to expand its market opportunity not only through strategic relationships based on product applications but also through geographic expansion.' --Brocade shares rose 1 to 268-1/2 in volatile trading, off a year high of 284 but up from a low of 16-1/2. biz.yahoo.com