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Technology Stocks : Network Appliance -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (10301)	10/9/2002 3:35:54 PM
From: pirate_200	Read Replies (1) \| Respond to of 10934

> Vaughan cut Network Appliance full-year earnings to 20 > cents a share from 22 cents and lowered the price target > to $8 from $14. He cuts his earnings estimate by about 9% and cuts his price target 42%? A look at his others: Brocade: earnings cut 7%, price target cut 63% Emulex: earnings cut 7%, price target cut 54% Qlogic: earnings cut 3%, price target cut 20% StorageTech: earnings cut 11%, price target cut 21% He must be factoring in a lower earnings multiple going forward due to a slower, than predicted, recovery. Some people are looking beyond 2003 to 2004 for anything meaningful occurring.