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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (36339)	3/5/2002 1:53:36 PM
From: Johnny Canuck	Respond to of 69919

Seems pretty cheap for something that far out. As far as I know the fundamentals are not that bad, though some analyst are expecting a weak Q in general for storage due to slower sales by SUNW et al ... If the sector re-bounds in the second half with the economy which the market seems to be indicating, some one is taking a pretty big risk for so little premium.

To: xcr600 who wrote (36339)	3/5/2002 4:56:09 PM
From: Johnny Canuck	Respond to of 69919

Here is part of the answer: 16:33 ET McDATA Reaction Prices vs 4 pm ET close -- Storage sector selling off in response to the warning by MCDTA. Sector peers EMLX -0.67, QLGC -1.20, BRCD -0.90 and NTAP -0.45 each lower in sympathy. 16:31 ET MCDT McDATA lowers Q1 guidance (15.93 -2.20) -- Update -- Co lowers their Q1 forecast to a loss of $0.02-$0.04 on revs of $73-$78 mln, vs prior guidance of $0.00-$0.02 on revs of $85-$95 mln. The co will hold a webcast today at 5:00 PM ET. The co cites the continuing cautious approach to IT storage and related infrastructure investment spending in the early months of 2002 as the reason for the revision.