Emulex, What Prospects? Message Board

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Technology Stocks : Emulex, What Prospects?

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To: Thomas Scharf who wrote (42)	7/25/1997 11:00:00 AM
From: Phil Abel	of 788

I think earnings should be due pretty soon now. Looks like they last reported on 4/24 so I would assume it would be any day now. I don't doubt that the market has slowed down in anticipation. Over the last few weeks there's been a lot of good news about new development pacts that the company is in, but that hasn't done a thing to the stock price. R&D is nice, but the market wants to see sales and income! I agree it's been a quiet last 2-3 weeks. Wished it would have held strong support above 15 and not have broken down into the 14's, but it's still hanging in there. Support/resistance levels become a little gray when you've got a big 5/8 to 3/4 bid-ask spread anyways.

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