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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST
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To: nic who wrote (12372)11/8/1997 12:03:00 PM
From: KJ. Moy   of 29386
 
Nic,

<<<Any way I look at it, the Kinnard "buy" does not make sense to me. My theory is that they have no clue, but don't want to err too far on either side - so if their bad numbers turn out right, they can say "told you so" (never mind the "buy"), if Ancor's numbers are much better, they can say "we saw this company had the potential to beat the negative expectations, so we gave it a buy nonetheless".>>>

I think you hit it on the head.
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