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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: peter grossman who wrote (12159)	11/3/1997 12:21:00 PM
From: Kelly Igou	Read Replies (2) of 29386

Peter, you said "The only good news I gleaned from the quarterly report is that the liklihood of positive surprises now outweighs the liklihood of negative -- I think." Your thinking partially mirrors my own. I believe they're trying to position the stock for consistent positive surprises going forward. This is unfortunate for short-term shareholders, but very beneficial for long-termers. Another theory of mine says that large investors stay away from stocks which are excessively volatile - like this one. So, in my mind, anything that removes volatility would be positive, and it sounds like that's what a lot of their remarks were designed to do. By the way, I would be very impressed if I found out Snyder was revising the internal accounting procedures with respect to how and when revenue was recognized. He may be manipulating things to "even out" the revenue peaks and valleys... Just some idle speculation on my part...

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