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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.72

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Jan 16 4:00 PM EST

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To: Clint E. who wrote (22833)	8/17/1999 6:27:00 AM
From: Iris Shih	Read Replies (1) of 69852

From clearstation: Fibre Channel is a high performance interface connection between computer systems and their attached data storage peripherals, such as hard disk drives, tape drives and RAID subsystems. you've heard of SCSI and IDE, yes? add Fibre Channel to that list. Qlogic (QLGC) gets most of its revenues from SCSI but 22 percent from Fibre Channel. But Fibre is growing fastest, up 272 percent from the prior year (as reported as a quarter over quarter comparison in the mid July earnings report). Ancor Communications (ANCR) has a deal to provide Fibre Channel switches to Sun Microsystems (SUNW). After this was announced, the stock went from 10 to 40 in a couple of weeks. Said stock has since based in a fairly healthy manner and now sits at 25 and the indicators are starting to point up. Emulex (EMLX) actually amounts to more of a pure play than QLGC in that 68 percent of revenues derive from Fibre Channel which sequentially were up 24 percent and year over year were up 212 percent.

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