Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (145133)	8/10/2002 3:17:11 AM
From: H James Morris	Read Replies (3) \| Respond to of 164684

Speaking about gluts when do you think the storage glut will end? >>Emulex (ELX: news, chart, profile) shares were hammered down 35 percent to a 10-month low Friday after the data storage products company issued a lower-than-expected sales outlook. See full story. "Expected revenue growth is disappointing, competition is heating up, and for now, the market appears to be moving away too quickly for Emulex's traditional high-end business to keep up," said Goldman Sachs analyst Laura Conigliaro in a morning note to clients. Other companies in the storage and storage networking sector tumbled. Brocade (BRCD: news, chart, profile) lost 11 percent to $15.36, Network Appliance (NTAP: news, chart, profile) slid 8 percent, McData (MCDTA: news, chart, profile) shed 5 percent each, QLogic (QLGC: news, chart, profile) lost 9 percent, and EMC (EMC: news, chart, profile) lost 3.3 percent.