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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: Douglas Nordgren who wrote (25424)	1/8/2000 5:51:00 AM
From: Jay Fisk	Read Replies (2) of 29386

""Company is in the final stages of testing its new switch for use with Sun products and expects to begin recognizing limited amounts of revenue from Sun beginning in the fourth quarter of 1999. However,the Company cannot be certain that Sun will complete the integration of the Company's switch with Sun's final SAN products and, like other oem agreements, the Companys agreement with Sun does not guarantee that it will ultimately sell its products to Sun."" Ashok probably took this 10Q filing at face value. Cover ? Nope - not with "news pending" - With careful scripting, they might spin something positive for a brief uptick Monday before reality and the final tranche. Signs of capitulation and silence from most of the entrenched longs on Yahoo may indicate a severe turbulance ahead.

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