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

To: Anthony Clement who wrote (170)	2/8/2001 12:11:05 PM
From: Gus	Respond to of 234

Watching the earnings I believe it was one of a few that raised estimates!! Actually, during their 3rd quarter CC, I thought they goofed by providing a lowball projection for FY2001 of only 40%. The stock collapsed from the low $120s to the low $90s the next day. They upped this to 80% during the last CC. For contrast, Brocade is maintaining a 150% projection to McData's 80% and I think McData has the better patent portfolio, a broader product line and the smoother technology transition path during the next two years so there's room for these estimates to move up. McData just has to be careful not to get into the California slick vs Midwest hick pattern of competition that befell Ancor (now part of Q-Logic). Regarding my position, I just rounded my lot today and I'll see about adding some more after Inrange's earnings report, Inrange has already preannounced better than expected earnings. Gus