Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 684.84

+0.6%

Dec 22 4:00 PM EST

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From: Dr. Stoxx	7/18/2005 12:20:30 PM
	of 39683

11:41 QLGC QLogic estimate raised above consensus at AG Edwards (33.21 +0.67) AG Edwards believes that QLGC could report better than expected June qtr results, and they raise their June qtr rev/EPS est to $157.5 mln/$0.44 from $155.7 mln/$0.43 (consensus $155.9 mln/$0.43). FIrm cites the following: 1) positive storage growth, 2) FC HBA pricing in "rational" 2-3% sequential range, 3) Sun seasonality as the June qtr represents Sun's FQ4, 4) improving dynamics at HGST (8-9% of QLGC rev), and 5) firm's expectation of relative strength in IBM's xSeries server business.

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