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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (2923)	9/27/2002 9:31:41 AM
From: Techplayer	Respond to of 57110

should be an interesting day or series of days in techland from equipment to IT sw to chip equipment, etc...lol Germany shuts down their tech stock exchange communications ICs downgraded TSM cuts capex and 09:15 ET Brocade target, estimates cut on worsening IT spending (BRCD) 8.33: Morgan Stanley says that IT spending has worsened sequentially from Aug to Sep, and Sep weakness has caused BRCD's Oct qtr to be more back-end loaded than usual; believes that if this softness persists into Oct, then co may have to reassess its FY03 rev/EPS forecast; lowers price target to $15 from $25. Separately, Goldman Sachs cut BRCD's Q4 and FY03 rev/EPS ests in the face of what appears to be an even weaker IT spending environment which in turn is leading to some pushouts in SANs.