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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: Eleder2020 who wrote (12335)	11/7/1997 7:40:00 AM
From: Nine_USA	Read Replies (2) of 29386

<<According to Kerry, Kinnard wasn't privy to the inside information and were a little miffed>> Can someone explain the current Kinnard Buy rating for ANCR while projecting these estimates for 1998? Or is Kinnard looking 2 and 3 years out? The 1998 earnings appear to project about $20 million revenues for that year. ESTIMATE REVISIONS: (received from Zacks this morning .. HH) ANCR: KINNARD decreased estimate for fiscal year ending 12/97 from $-0.53 to $-0.78 on 11/03/97 ANCR: KINNARD decreased estimate for fiscal year ending 12/98 from $-0.09 to $-0.24 on 11/03/97 ANCR: KINNARD decreased estimate for quarter ending 12/97 from $-0.06 to $-0.19 on 11/03/97 ANCR: KINNARD made new estimate for quarter ending 03/98 of $-0.14 on 11/03/97 ANCR: KINNARD made new estimate for quarter ending 06/98 of $-0.11 on 11/03/97 ANCR: KINNARD made new estimate for quarter ending 09/98 of $-0.04 on 11/03/97 ANCR: KINNARD made new estimate for quarter ending 12/98 of $0.03 on 11/03/97

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