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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST

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To: Craig Stevenson who wrote (16814)6/25/1998 10:04:00 PM
From: Patrick Sharkey  Read Replies (1) of 29386
 
Craig, there certainly are people selling short based upon the rumors, and what they may mean in terms of financing necessary to keep the company alive; however, there has been no official confirmation, from anywhere, and the tape has been wrong at times as well. We shall see.
That short interest has to cover at some point, and it seems that there may be little to be gained to be short at this point -- although one could have made 15% going short today on a day trading basis.
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