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To: Epicenter who wrote (86)5/1/2001 10:24:17 AM
From: allen menglin chen  Respond to of 6873
 
09:17 ET Emulex (EMLX) 35.91: ABN AMRO initiates with a HOLD rating. Says EMLX is the leading Host Bus Adaptor (HBA) vendor, and the company's competitive advantage is solid, based on its industry leading firmware and memory buffer technology. However, do not believe the competitive dynamics of the HBA market justify the company's current multiple of 55x calendar 2002 earnings estimate.

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