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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

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Aug 24 5:00 PM EST

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To: szabel who wrote (27159)	5/28/2000 3:38:00 PM
From: Joe Wagner	Read Replies (1) of 29386

$2.00 Gas is the top of the peak, .5 rate increase compounded on top of the last six months of rate increases are starting to take hold. Inflation is on a leash. All the bad news is built into the market already. Companies in consumer electronics will slow (already happening according to the L.A.Times), but that means companies in vital electronics industries like networking (that increase productivity) will have an easier time getting those components they need, and workers. If we get one more increase in June, it may move sideways with a little turbulence until then. But after that it should look pretty good. The Internet growth is not slowing. "Infrastructure Plays" will plow through this muck and break free. Douglas Nordgren is an intelligent poster. I think you should get your facts straight.

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