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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: w2j2 who wrote (15579)	4/6/1998 8:34:00 PM
From: Craig Stevenson	Read Replies (1) of 29386

Walter, <<Hendrickson is a straight shooter. He handled the Sun disappointment exceedingly well. (I say disappointment even though we knew Sun would go with their own people ala Brocade) A lot of managements would not have told us till it "slipped out".>> I agree. So far, Ken has told us the truth, whether we liked it or not. That is certainly a change from the previous regime. This is purely my own speculation, but this was one of the factors that make me think that Q1 might be light. If Q1 was going to be an upside surprise, they might have let the stock price run a little bit. The fact that they didn't leads me to believe that they think that it was getting overvalued for what they could deliver in Q1. Just my opinion, but it is something to consider. Craig

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