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To: Proud_Infidel who wrote (68)	11/8/2001 2:08:50 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 145

Storage Networking -- Deutsche Banc Alex. Brown's Ricci And Elling Launch Coverage of the Sector 'Putting It in Perspective' NEW YORK, Nov. 8 /PRNewswire/ -- Deutsche Banc Alex. Brown analysts Sabrina Ricci and George Elling launched coverage of the Storage Networking sector today with the initiation of six companies. Shares of Brocade Communications Systems Inc. (Nasdaq: BRCD - news; $30.51), Quantum Corp. (NYSE: DSS - news; $8.70) and VERITAS Software Corporation (Nasdaq: VRTS - news; $35.63) were started with a BUY investment rating while shares of Emulex Corp. (Nasdaq: EMLX - news; $28.42), McDATA Corporation (Nasdaq: MCDT - news; $19.00), and QLogic Corp. (Nasdaq: QLGC - news; $46.94) were started with an investment rating of MARKET PERFORM. According to Ricci, Storage Networking and Software sales can continue even in an extended economic downturn given the scalability of the investment for customers as well as ROI and business continuity benefits. ``SAN penetration is still in the early phases and is among the few projects that is still being pursued,'' said Ricci. ``You don't need big hardware sales to sell switches and software.'' Moreover, Ricci believes that new technologies such as SAN virtualization, advanced SAN management tools, clustering and replication, and security can create additional opportunities for market penetration and multiple expansion. However, she notes that the near-term financial outlook is still unclear and the stocks have experienced a strong rally recently on no fundamental changes. As such, Ricci's stock recommendations are intended to distinguish those companies that she believes will be the winners and the biggest beneficiaries once the economy turns around as well as those that are comparatively less vulnerable should a slowdown continue indefinitely. ``We believe that companies with formidable installed bases, close interaction with end-users and diverse sales strategies will have a competitive advantage and command premium returns in the future,'' said Ricci. ``In addition, companies with products less directly correlated to storage systems and server hardware sales may be somewhat shielded in the future should the slow spending environment be more protracted.'' Deutsche Banc Alex. Brown represents the Investment Banking activities of Deutsche Banc Alex. Brown Inc. (US) and Deutsche Bank Securities Ltd. (Canada). Deutsche Banc Alex. Brown and Deutsche Bank Securities Ltd. are subsidiaries of Deutsche Bank AG. With assets of almost EUR 1 trillion and over 97,000 employees, Deutsche Bank offers its clients unparalleled financial services throughout the world in over 70 countries. It ranks among the leaders in Asset Management, Capital Markets, Corporate Finance, Custody, Cash Management and Private Banking. Deutsche Bank is organized in two customer-oriented Groups: ``Corporate and Investment Bank'' (CIB) and ``Private Clients and Asset Management'' (PCAM). Deutsche Banc Alex. Brown Inc. maintains a net primary market in the common stock of Brocade Communications Systems Inc., VERITAS Software Corporation, McDATA Corporation, QLogic Corporation and Emulex Corporation. Within the past three years, Deutsche Banc Alex. Brown Inc. has managed or comanaged a public offering of Brocade Communications Systems Inc. and McDATA Corporation. Brocade Communications Systems Inc., VERITAS Software Corporation, McDATA Corporation, QLogic Corporation, Emulex Corporation and Quantum Corporation - DLT & Storage Systems stocks are optionable. VERITAS Software Corporation has a convertible issue outstanding. Information herein is believed to be reliable and has been obtained from sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. Opinions, estimates, and projections constitute our judgment and are subject to change without notice. This publication is provided to you for information purposes only and is not intended as an offer or solicitation for the sale of any financial instrument. Deutsche Banc Alex. Brown Inc. and its affiliates worldwide, may hold a position or act as market maker in the financial instruments of any issuer discussed herein or act as advisor or lender to such issuer. Transactions should be executed through a Deutsche Bank entity in the client's home jurisdiction unless otherwise permitted by law. Deutsche Banc Alex. Brown Inc. is a member of NYSE and NASD. SOURCE: Deutsche Banc Alex. Brown