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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Sully- who wrote (39368)7/25/2001 8:39:27 AM
From: stockman_scott  Respond to of 65232
 
07:57 ET Salomon Cuts Storage : Salomon downgrades Emulex (EMLX 22.81) and QLogic (QLGC 40.74) two notches to NEUTRAL from Buy, cuts price targets to $23 from $52 on EMLX and $42 from $70 on QLGC; downgrades JNI (JNIC 9.12) to NEUTRAL from Outperform and cuts target to $10 from $22. In all three downgrades, Salomon cites recent data that indicate the economic downturn is beginning to impact host bus adapter vendors. Also lowers estimates on INRG, BRCD, and LGTO.