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Technology Stocks : McData (MCDT) -- Ignore unavailable to you. Want to Upgrade?

To: Gus who wrote (35)	8/19/2000 6:31:02 PM
From: puborectalis	Respond to of 234

MCDT is currently an indirect majority-owned subsidiary of EMC who plans to liquidate their holdings and distribute all the shares of the Class A common stock to the holders of EMC's common stock on a pro rata basis about 6-12 months after IPO.However,EMC is not obligated to complete this distribution and may not occur by the anticipated time or at all......Their ED-500 pdt accounts for 43% of revenues last year and will continue to account for a substantial portion of the revenue for the foreseeable future.....the market for SAN's has only recently begun to develop and is rapidly evolving...ED-500 is used extensively in SAN's.