- - - - - - - - - - - - - - - Brocade Hears Cisco's Footsteps Mark Lewis, 11.25.02, 1:26 PM ET RBC Capital Markets analyst Robert Montague cited the Cisco factor today when he issued a note predicting that Brocade has further to sink. "Our $4 price target for Brocade's shares is a price level that represents approximately cash on hand plus fiscal year 2003 revenue," Montague wrote. "We believe this multiple is justified as the company faces losses, product transitions and a potentially prolonged market-share battle with Cisco." Brocade added further to investors' consternation last week when it revealed that its chief operating officer, Michael Byrd, will step down at the end of the current quarter
Aren't you tired of posting that stupid message again and again? That article was out over 2 weeks ago... If you do read it carefully...the writer of that article thinks that BRCD will actually go up in coming days... and he mention about buying BRCD NOW. So stop that nonesense and move on... If you think BRCD will indeed go down... why even waste your time here??