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To: Johnny Canuck who wrote (36579)	3/26/2002 11:13:34 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68098

09:08 ET VERT VerticalNet wins IKEA contract (0.65) Announces that the IKEA group of companies awarded Verticalnet a contract for its Collaborative Supply Chain Solutions to build their private trading hub. The greement licenses IKEA the full-suite of Verticalnet's applications including Strategic Sourcing, Collaborative Planning, and Multi-tier Order Management. Brocade Comms (BRCD) 26.11 +1.61: Yesterday after the close, BRCD management indicated that Q2 would meet or exceed consensus revenue and EPS estimates, and today, the stock is attracting significant buying action, trading up 6.6%... Providing positive support following this news: JP Morgan reiterated long-term Buy rating and price target of $35; Pacific Crest reiterated Buy. Roxio (ROXI) 21.50 -0.36: Stock trading with a negative slant (-1.6%) despite a positive initiation with a Buy rating and price target of $28 from CIBC Wrld Mkts. Firm notes that, while CD recording has been the backbone of growth, expects DVD recording will be a major catalyst in '03-'05 as the format war is resolved, hardware prices fall, and ancillary consumer electronic devices that drive demand (digital cameras and camcorders) penetrate the market; projects a 5-year CAGR of 22% for revenue, 28% for operating income and 23% for pro forma EPS through '07. Liberate Tech (LBRT) 6.99 +0.73: Yesterday after the close, LBRT topped Q3 estimates and raised Q4 guidance. This morning, the stock is surging higher (+11.7% today) on the news, as well as on positive analyst comments... Robertson Stephens reiterated Buy rating and price target of $12, saying it believes improved prospects for Liberate could provide further upside for the stock price over the next 12 months. Also, JP Morgan reiterated long-term Buy. [Harry: Absolute rev level still seem rather low and they are still losing money.] 09:05 ET CIEN CIENA Corp cuts 22% of workforce; takes $200 mln inventory charge (8.35) Announces an immediate workforce reduction of approx. 650 employees, or roughly 22% of its total workforce, resulting in $125-$135 mln charge. In Q2, co also expects to take a charge of $200-$225 mln, primarily related to excess inventory associated with its long-haul transport products and purchase commitments with suppliers. Puts annualized cost savings at $145-$155 mln.