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Technology Stocks : Emulex, What Prospects? -- Ignore unavailable to you. Want to Upgrade?


To: Sam Nizam who wrote (394)7/6/2000 11:41:30 PM
From: Jack Hartmann  Read Replies (1) | Respond to of 788
 
Emulex Corp (EMLX): Reiterate
Analyst: Craig Shere
SBelieve 15% drop share price this morning reflects news of rival JNI Corp.'s 3-year reseller pact with Hewlett-Packard... Following release of calendar 1st qtr. earnings, JNIC appeared to be taking some market share from industry leader EMLX... However, exponential industry growth will benefit all leading market participants... Unix-based fibre channel growing 60% annually and Windows NT/2000 based products 100%+... At P/E-to-earnings-growth ratio of just 1.33, EMLX attractively priced relative to ratio of about 2.5X for S&P 500.
personalwealth.com
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Some info on the movement.
jack