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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

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Aug 24 5:00 PM EST

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To: nic who wrote (14453)	2/19/1998 8:48:00 AM
From: Dean Wilson	Read Replies (1) of 29386

Nic, you wrote: <<but once again we've thrown in everything but the kitchen sink... 10 cents in special charges! Just how many quarters can you do that and still call them "special"?>> I agree. In 4th quarter of 1996 we thought ANCR threw everything in but the kitchen sink; in 3rd quarter of 1997, we thought the same thing, saying "let's let Snyder and company clean things up this quarter, so we can get on with it." Well, surprise, surprise. They decided they needed to clean house for yet another quarter. This is hard to take. And the annual losses: ANCR has a frightfully accelerating pattern here for the last three years comparing year to year: (26%),(62%), (86%). Wow. It's OFFICIAL (except for the audit): 1997 was a real scorcher! Dean still long . . . barely

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