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Technology Stocks : Brocade Communications Systems,Inc. (Nasdaq-BRCD) -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (1344)	1/22/2003 3:55:38 PM
From: E_K_S	Read Replies (1) \| Respond to of 1583

JP Morgan initiated coverage today on Brocade . . . From Briefing.com: 7:59AM JP Morgan assumes coverage of Enterprise Storage : Firm assumes coverage of the Enterprise Storage industry, including NTAP with an Overweight rating, BRCD with an Underweight, and EMC and MCDT with Neutral ratings. Puts 12-month fair value for NTAP in the $15 area. For BRCD, firm sees fair value at $4, citing threats from CSCO and MCDT as well as no near-term signs of a demand-led recovery. ========================================================= It seems like the market wants to see the earnings before any serious buyers are willing to step up to the plate. Some announcement regarding the completion of the Rhapsody Networks merger should be made in the next 10 days. This may help the stock in the short term. EKS