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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: j g cordes who wrote (35941)	1/19/2002 4:49:55 PM
From: Logain Ablar	Read Replies (1) of 69663

Jim Thanks saw that one. The company only has cash till end of March @ latest (it was mid Feb but I think they've done some moves to extend it a little). They are shipping product through cpq (their only oem) but they've been forced to cut to bone and are no longer marketing nor trying to develop newer products (like the 18 port and higher switches). If what they have doesn't sell adios amigos. I figure they either get new equity (financing won't cut it cause they'll fail the naz $10M rule) or they are toast (although it would be wise for one of the hba's like emlx or jnic to take a look). I am not in this one much longer. This weeks purchases were to just ride a bounce (hopefully not a bounce thru support @ 62). Not sure why mcdta didn't show up they have resources but its good to see qlgc reviews. Notice brcd not there. I can't understand why brcd is having problems with their switches.

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