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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

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Aug 24 5:00 PM EST

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To: Tom Duxbury who wrote (3890)	3/14/1997 2:38:00 PM
From: Craig Stevenson	of 29386

Tom, Thanks for the report. Is this normal that the auditor will not backtrack? It seems kind of odd, but I'm no accountant. The $400,000 restatement of revenues doesn't concern me all that much. Just because the equipment was sold to an OEM partner, and didn't generate any profit, shouldn't mean it couldn't be included as revenue. It still seems like sales to me, but as I said, I'm no accountant. I have been investing at my own risk, and my portfolio shows it. <g> Craig

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