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Brocade Communications Systems, Inc. Message Board

  • jason1970s jason1970s Apr 30, 2004 2:26 PM Flag

    What is goning on?

    QLGC -55%
    MCDT -65%
    EMC -30%
    ELX -47%
    BRCD -33%
    VRTS -33%

    All of these guys are significantly off their highs for this bull market. This is a huge correction for this sector. It is obvious that the market has no idea what to value these companies. Expectations are all over the map. Even the valuations for similar expectations don't match up. BRCD in particular has consistently met expectations and guidance for the past several quarters and yet the stock price has swung back and forth as if the company doesn't know what its doing. The point here is things can get much worse before they get better.

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BRCD
12.30-0.06(-0.49%)May 27 4:00 PMEDT