Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Salomon Cuts Brocade, EMC and InRange

Salomon Smith Barney downgraded Brocade (BRCD), EMC (EMC) and InRange Tech (INRG) to outperform from buy.

Analysts Clinton Vaughan and John Dean say while they continue to believe in the longer-term appeal of storage industry, they see the storage sector as a relative outperformer and also continue to feel that storage stocks and fundamentals will be under pressure in the near term. Although they recognize that much of the downside risk is reflected in current prices, they cannot ignore the looming fundamental erosion that has been caused by an economic downturn. They note these companies continue to execute well, their rating adjustments are based on macroeconomic weakness and nothing company-specific.

blog comments powered by Disqus