Zeev's Turnips Patch-No Politics (ZEEV)

[Tim Lamb]

Hi Zeev:

I entered BRCD for a tax selling bounce and like you did not enjoy the new lows. No solace that the other storage companies I follow are also off 3 to 5% today (elx, qlgc, lsi, etc) but if you go back to Sept 01 and Oct 02, storage broke later and bottomed later than the rest of the naz market but once it bottomed it bounced higher and quicker.

BRCD has the acquisition and option repricing issues as well as its zero earnings guidance. Still even with zero earnings guidance it should be over $5. Of course that thinking is what gets one in trouble. Probably won't deserve Q status until after the options repriced in July (if then)

Best

Tim