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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

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Aug 24 5:00 PM EST

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To: Mr. Twister who wrote (23463)	7/22/1999 9:40:00 AM
From: Mr. Twister	Read Replies (2) of 29386

I guess this is the reason that PIPR arrived on level2 today. Andrew (NewsTraders) USB Piper Jaffray Starts Ancor Comm, Fastenal At Buy (ANCR,F USB Piper Jaffray Starts Ancor Comm, Fastenal At Buy (ANCR,FAST) (NewsTraders.com)-- U.S. Bancorp Piper Jaffray analyst Ashok Kumar initiated coverage on Ancor Communications (ANCR) today with a "buy" rating and $45 price target. Kumar expects the fibre channel switch provider to post a net loss of $0.33 a share in 1999 and a per-share net gain of $0.08 in 2000. Separately, Piper Jaffray's Stephen Jacobs initiated coverage of Fastenal Co. (FAST) with a "buy" rating and 12-month price target of $66. Jacobs has set 1999 and 2000 EPS estimates of $1.77 and $2.21. Shares of Ancor closed yesterday at $31.75, while Fastenal stock ended the day at $57.19. Copyright 1999 NewsTraders Inc. All Rights Reserved 09:31 Thursday, July 22, 1999 * end of story *

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