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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Lhn5 who wrote (23467)	7/22/1999 10:52:00 AM
From: Patrick A. Kelly	Read Replies (1) \| Respond to of 29386

Larry, What would most aptly describe the reaction to PJ's "buy" rating: a yawn or an unconscious LOFSOL (lying on floor, snoring out loud)!? Hoping for more than this!Pat

To: Lhn5 who wrote (23467)	7/22/1999 2:38:00 PM
From: jim g.	Respond to of 29386

Piper is estimating a 10c loss for 3rd quarter, a 7c loss for the fourth quarter, revenues of 46 million for fiscal 2000 with an estimated 8c profit.This is close to Kinnard's (.09), (.06), 2000 revenue estimate of 45 million with an estimated .17 profit. Piper indicates that ANCR trades at a 25% discount to its peers on a P/S basis and believes that, as recently signed OEM contracts begin to ship and as Japan's economic conditions continue to improve, ANCR will enjoy both increasing earnings estimates and an expanding multiple.