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Data storage company



climbed 4.3% in midafternoon.

Sector leader



has completed its distribution of 81 million McData shares and

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Credit Suisse First Boston

said the resulting price weakness in McData represents a buying opportunity.

CSFB said its channel checks indicate continued strong demand for storage products.

EMC was down 3.9%.


Network Appliance


, another storage company, was down 7.3% after hitting a 52-week low of $34.50. The company is due to post earnings after the close.