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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: George Dawson who wrote (24199)	9/29/1999 1:55:00 PM
From: THOMAS GOODRICH	Read Replies (2) of 29386

September typically is a down month for stocks and may be one good explanation for the increase in short activity. I suspect many of the shorters took positions in the high 20's area. LAN switches and related components are still on track to ramp up significantly next year as evidenced recent IPO's, so probably just a minor technical correction in recent days.

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