Emulex, What Prospects? Message Board

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Technology Stocks : Emulex, What Prospects?

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To: Patrick J. Saunders who wrote (375)	5/26/2000 10:35:00 PM
From: Jack Hartmann	of 788

Patrick, EMLX reflects the market sell off in techs. The 13% sequential growth in revenues from the March quarter seems to be the culprit. Market oversold it then, but EMLX has the show 100% y2y growth and meet the EPS estimate of 0.20. If not this will go down lower. Maybe $35 downside before earnings if the Nasdaq holds 2900 for June. EMLX reported that its order backlog in Q3 came in around $27 mln, about 22% higher than last quarter in the March quarterly report. Jack

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