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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: w2j2 who wrote (28056)	11/14/2000 8:21:10 PM
From: J Fieb	Read Replies (1) of 29386

WJ., Nice day huh! What will tomorrow bring? I try to be a student of the big pic. Reporting of earnings is interesting; Today it was NTAP and ADI who weighed in. Here is a news piece on the results... The shares of Analog Devices Inc. (NYSE:ADI - news) surged in after-hours trade on Tuesday after the semiconductor equipment maker posted a fiscal fourth-quarter profit that by far bested Wall Street expectations. For such supurlitives how much did thay have to beat by. One would think it was at least 75-100%. So how much was it? 4 cents... . This represented earnings of 54 cents a share, which handily beat Street expectations of a profit of 50 cents per share. They were much harder on NTAP. Something about revenue growth... WIT Soundview analyst Glen Ingalls said the earnings exceeded his forecast, but revenue growth slowed, which may explain the stock's battering in after-hours trading. ``It was just a matter of time before it (revenue growth) would decelerate,'' said Ingalls, who rates Network Appliance a buy. OT; When you have the time I know you are a long time student of CREE. Have done some reading on EMKR. Could use some help. Thanks in advance.

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