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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: George Dawson who wrote (29165)	7/12/2003 8:10:07 AM
From: Bob Frasca	Read Replies (1) of 29386

I'm expecting them to beat consensus pro-forma estimates by a penny or two as they usually do. As always, forward guidance will be the most significant issue. Assuming that they give positive forward guidance here are my decidedly unscientific guesses. If the stock is below 50 it will go up. If it's above 54 it will probably go down based on a "sell the news" sentiment. These guesses presume that a war doesn't start and that the Fed doesn't announce a 10% increase in GDP on the same day, e.g. some major announcement that will cause the market in general to gyrate. This is also the biggest earnings announcement week of the quarter and I'm predicting better than expected numbers in the tech sector so I think the NAS is going to go up and I have purchased some calls in anticipation.

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