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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?


To: Skip Miller who wrote (19117)11/3/1998 11:03:00 AM
From: Neil S  Read Replies (1) | Respond to of 29386
 
Skip,

Brocade's delayed IPO probably has much more to do with market conditions and if they are hitting their internal milestones or not. If Roy S. is correct then ~25M in sales and last round VC implied valuation of ~$125M = a PSR of 5. Pricing will be interesting, and a hot FC based SAN market will help drive valuations for Brocade and other peer group stocks.

Neil