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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Connor26 who wrote (19864)	7/1/2002 12:26:03 PM
From: Connor26	Read Replies (1) \| Respond to of 26752

Bob - you on vacation with Susan <vbg> - 12:18 ET Brocade started with a Sell rating at Lazard Freres (BRCD) 16.90 -0.58: Storage sector continues to trade defensively, with group leaders off 2.8% to 4.7% today. Not helping matters is morning note out of Lazard Freres initiating coverage of Brocade with a SELL rating and $12 price target. The call is based on valuation, as firm believes investors have mistaken near-term market share gains for long-term organic growth. This has led to an enterprise value that is 2.4x greater than firm's estimate of the entire market in 2006.