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Technology Stocks : Advanced Digital Information Corp. (ADIC) -- Ignore unavailable to you. Want to Upgrade?

To: Carolyn who wrote (2193)	6/8/2001 7:54:29 AM
From: Jim Oravetz	Read Replies (1) \| Respond to of 2283

Wow, target price of $22. Very aggressive thinking! :) Sounds like a SSBarney summary, if I had to guess! Look I was right. RESEARCH ALERT - Salomon starts Advanced Digital 6/6/01 9:00 AM Source: Reuters NEW YORK, June 6 (Reuters) - Salomon Brothers said on Wednesday that it started coverage of Advanced Digital Information Corp., a maker of storage management software and systems, with an outperform rating and a 12-month price target of $22. Analyst John Dean said in a research note that Advanced Digital should report 39 percent revenue growth in fiscal 2001 ending in October and 35 percent in fiscal 2002. Earnings per share should grow 2 percent in fiscal 2001 and 49 percent the following year, Advanced Digital said. The company earned $1.66 a share or $88.9 million in the year ended October 2000. The slim profit growth in 2001 is resulting from costs of new technology acquired with Pathlight, gross margin pressure from competition and a product mix shift, Dean said. Thanks for the input Carolyn. Jim