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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: SirRealist who wrote (32114)	2/12/2001 7:58:44 AM
From: Jack Hartmann	Read Replies (1) \| Respond to of 49816

Emulex (EMLX) 77 1/2: According to Robertson Stephens, company issued revised Q3 outlook as a precursor to its presentation at tech conference today. EMLX stated that it is beginning to see orders pushed out into Q4; Roberston Stephens believes worse case scenario would mean a reduction of 3-5 cents from firm's Q3 est. of $0.23. 07:44 ET Emulex (EMLX) 77 1/2: -- Update -- The order push outs appear to be attributable to storage inventory build at ISPs, states Robertson Stephens in research report; firm says despite expected trading weakness over the next few days, it is maintaining estimates and its BUY rating on stock. 07:33 ET Emulex Fallout : Stocks to watch in connection with Emulex cautionary comments: QLogic (QLGC), Brocade (BRCD), McDATA (MCDT), EMC Corp (EMC), StorageNetworks (STOR), JNI Corp (JNIC). From briefing.com *** Don't underestimate this news. EMLX hadn't faltered this quarter like many techs. The techs are due for a bounce, but this doesn't help. Jack