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


To: Jim Oravetz who wrote (2207)8/21/2001 7:24:11 AM
From: Jim Oravetz  Read Replies (1) | Respond to of 2283
 
Advanced Digital (ADIC) 11.57 +0.06: -- Morning Note -- WF Van Kasper upgrades to BUY from MARKET PERFORM with price target of $22 based on company's impressive revenue performance, which resulted from its growing portfolio of storage-related products and technologies; despite a challenging enterprise storage market environment, ADIC is growing its storage business well ahead of its peers as a result of the company's success in attracting important OEM partnerships, acquiring key high-margin storage technologies, and expanding its core tape business into new tape back-up platforms; firm believes that ADIC's data storage technology breadth and channel reach make for a very attractive long-term investment in data storage, and views the current slump in enterprise storage company stock prices as a window of opportunity for the technology investor.

Briefing.com
Jim