Dav, QLGC was spun off from EMLX a few years ago. I cut my teeth on EMLX (and bled profusely), and got on QLGC when it was spun off. I've been in and out of both (yes, timing, and, yes, it probably cost me on one occasion, but since I used the money elsewhere I don't care enough to do all the arithmetic to find out. Overall, the results have been spectacular.)
I believe they are more complementary than competitive, but could be wrong on this since I'm not fiber-optic literate. EMLX was a little slower to get rolling because they had a substantial legacy business to run. QLGC started its run sooner. They are both great companies with outstanding management.
I am currently out of QLGC because the chicken entrails I use to help me make decisions suggest it may be stalled for a little while and I had something else I wanted to do with the money. It is currently about $10.00 above the price I sold it at. If I free up enough capital in the next six weeks, and if it doesn't run away from me, I'm going back in. I also lightened up on EMLX for pretty much the same reason, although potential for stalling was less pronounced.
Oh, yes. One other reason for lightening up was that I feel a correction is likely and I had too much riding on these two. Please don't imagine it was an easy decision though. These are the two horses that have pulled my plow. I'm a little uncomfortable out of them.
With the management, product mix and market they have, both of these companies will do well. Having made these very positive statements, I must add the qualifier that these are my opinions. I am an investor, and have no inside knowledge.
Fred |
