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Technology Stocks : Brocade Communications Systems,Inc. (Nasdaq-BRCD) -- Ignore unavailable to you. Want to Upgrade?

To: Jack Hartmann who wrote (775)	2/26/2001 9:53:25 AM
From: MGV	Respond to of 1583

I don't disagree with what he wrote, i.e. his conclusion to be careful here based on likely near term risk v. reward. It is at 46 and I expect it to go to at least the low 30s again. His downside estimate is not credible. If the company were to make only 0.50 or even 0.40 because they were taking share instead, revenues would be higher than forecast and, in my opinion, the market would look to the revenue growth rate as a tell to BRCD's LT prospects to arrive at a valuation. On the other hand, I think his upside target near term is pretty fair even if his bottom line number is inaccurate. Consensus for this year is 0.60 and not 0.70.