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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (90763)3/30/2000 12:26:00 PM
From: drsvelte  Respond to of 120523
 
Emulex Corp. (EMLX) 131 +9 5/16: Chase H&Q initiates coverage with a BUY rating and a price target of $200. EMLX revenue will continue to grow faster than the market, with increasing operating leverage from higher volume levels and 100% of revenues coming from Fibre Channel in FY01. Shares of EMLX have fallen 45% from its recent highs which represents an excellent buying opportunity given its leadership in Fibre Channel.



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