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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: J Fieb who wrote (28022)	11/3/2000 2:18:41 PM
From: KJ. Moy	Read Replies (1) of 29386

J, <<Have a nice weekend all. Good work. Comdex is coming in a few wks now.... >> I believe Comdex starts on the 13th, 9 days away. I also believe there are lots of short covering, institution buying today. More importantly, this is what I call re-pricing. QLGC is still undervalue comparing to their peers. In listening to Tom Anderson, he came across as very confident. Even he didn't give specific guidance, he mentioned again the historic growth rate, growth pattern and said he saw no reason why it couldn't continue. He was comfortable with current analysts projections between $530M to $550M annual revenue. I will bet anyone that they will beat that number. That number represents over 100% growth rate year over year I think. May be, just may be, the street is taking notice. All these conference calls are paying off. KJ

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