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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: doc who wrote (20147)1/14/1999 12:43:00 PM
From: Patrick Sharkey  Read Replies (2) of 29386
 
The next Yahoo unsubstantiated rumor/post is even more interesting, as it implies that all buoyout overtures have been rejected. Juggling rumors can be tough, however, since there is no way to determine whether the market believes more strongly in the takover rumor, the rumor of profit, or whether rejection of a takeover implies higher valuation to come, which will excite people and cause more buying. Who knows? My history with this stock indicates, however, that the tape generally has been true and that you shouldn't fight the tape because those buying and selling generally know more than I do, and what I think I know bears little relationship to the stock price at any given time.

On the other hand, if the buyer is a potential OEM customer, or another type of customer, and there was such a serious level of interest in a purchase of the goose, why won't those same buyers buy the golden eggs, propelling us to a significant, steady revenue stream and, ultimately, profits?

Pat
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