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Technology Stocks : Emulex, What Prospects?

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To: pass pass who wrote (776)2/12/2001 1:47:50 PM
From: David Howe  Read Replies (1) of 788
 
EMLX has been growing faster than JNIC so it deserves a higher PE. EMLX has grown very rapidly for several years now.

IMO, $40 today is too deep a discount to what it just traded at last week. A rebound to $50 seems likely. From that point on, it will depend on further guidance from the company and it will depend on the Nasdaq.

Short term, it looks like a good trade to buy now and sell on the bounce. I'm going to take a stab at it.

Dave
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