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To: H James Morris who wrote (145235)8/12/2002 11:33:36 AM
From: Bill Harmond  Read Replies (2) | Respond to of 164684
 
>>If there wasn't a "glut" we wouldn't be in a bear market, now would we?

You're saying we're in a bear market because there's a storage glut?



To: H James Morris who wrote (145235)8/12/2002 12:00:16 PM
From: Bill Harmond  Read Replies (1) | Respond to of 164684
 
Here's Brocades "sales slump":

Fiscal year ending Oct:

1997A $8MM
1998A $22MM
1999A $68MM
2000A $329MM
2001A $513MM
2002E $568MM
2003E $748MM

Morgan Stanley estimates for 2002, 2003.

Brocades sales have grown 72% during the this CAPEX-driven bear market.


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