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To: BigMoney who wrote (114402)7/25/2001 9:08:36 AM
From: mishedlo  Respond to of 436258
 
This is truly pathetic

7:57AM 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

Price target on EMLX is 20 CENTS higher than what it is now.
Are these guys planning on buying this stuff?
I am seriously wondering if we are due for a bounce soon.

M



To: BigMoney who wrote (114402)7/26/2001 2:22:00 PM
From: pater tenebrarum  Respond to of 436258
 
that really takes the cake...then again, as soon as the economy recovers, the crisis is likely to start anew.


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