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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: Pigboy who wrote (16549)	6/11/1998 11:31:00 PM
From: Roger Arquilla	Read Replies (2) of 29386

Pigboy, One of the common concerns on this thread has always been hype. Ramping up in the second half of 98 was a direct quote for Ken last November. Revising it in April indicates a change in speed, if not course. There was a pass through of somewhere around a million dollars in sales from first to second quarter of this year. The kind of decline in price we have seen over the last couple of days seems to indicate something bad is going on. Is it possible second quarter revenues are coming in at only slightly over a million? If that is the case, and this is leaking out, it certainly could cause this kind of price drop. That would indicate that sales have been flat for the second quarter. This is the wrong time for this company to be falling down. All the pieces of the puzzle are suppose to be in place. I wouldn't expect the price to rise, but I don't think it is unreasonable to assume it should at least be stable. Other than impressive individual resumes, management has yet to prove they can move this company forward. Does anyone really know if there has been a single sale credited to the MKII? At the very least, it is incredibly discouraging. IMHO

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