Mark, I am not familiar with QLGC b4. But I did a little research after seeing your post. It seems QLGC took a huge tumble ($11) on Jan 22 after earning release. Although earnings seem high ($0.76), Q4 98 revenue was lower than Q3. I don't know why and whether this was the reason that the stock took a tumble. But from the chart it also seems QLGC has reversed to a down trend, even b4 the general tech weakness. While I might take a look at it in the future, I don't personally wish to jump in at this moment. Sometimes, we have to treat what MSN or major newspaper/magzine recommendations with a slim of doubt. It could be some existing powerful shareholders trying to promote this stock and unload their shares.
A couple of years ago, I was stupid enough to hold the heavy bags for OAKT for those shareholders. Boy, did I lose big. OAKT was such a hot idea then, and it still manufactures the same (actually better) chips for CD-ROM drive and still hold that crucial patent, except its margin is way down and it's stock is in the pennies.
On a positive note, that fibre channel thing seems like an interesting trend, What did you get out of your research ?
I also heard that today's hot spots re technology are in E-commerce, voice transmission via internet, and internet service. Do you have any recommendations in these areas? (Not AMZN, we both know that one, lol, and hope we both win). |
