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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jeff Jordan who wrote (11696)7/19/1998 1:06:00 PM
From: Shane Venem  Read Replies (1) of 120523
 
Posted a note on QLGC thursday, # 11560. I figured it would take out its old high, but can't say I expected the kind of frenzy I saw Friday. After re-reading the earnings report, one thing kind of bugged me. The margin of difference between the estimated earnings and actual earnings came from investment interest. They're sitting on a lot of cash, I believe from a secondary. Not that that's necessarily bad, but it would have been better if product sales had generated the difference.
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