Upgrades

Brocade Communications

(BRCD)

: UP to purchase list at

Goldman Sachs

.

Gap

(GPS) - Get Report

: UP to buy from hold at

Credit Suisse First Boston

.

Nordson

(NDSN) - Get Report

: UP to buy from hold at

ABN Amro

.

Unifi

(UFI) - Get Report

: UP to buy from hold at Credit Suisse First Boston.

Initiations

Accrue Software

(ACRU)

: NEW strong buy at

SG Cowen

.

CacheFlow

(CFLO)

: NEW buy at Credit Suisse First Boston.

Crompton

(CK)

: NEW buy at Credit Suisse First Boston.

Tibco

(TIBX)

: NEW strong buy at SG Cowen.

Group Moves

Warburg Dillon Read

initiated coverage of two communications companies: