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Technology Stocks : Emulex, What Prospects? -- Ignore unavailable to you. Want to Upgrade?

To: Rick Buskey who wrote (169)	10/13/1999 4:54:00 AM
From: Neville H. J. Gorman	Read Replies (1) \| Respond to of 788

Here we go again! With QLGC's good earnings and the split announcement we should move higher today. I do think that this stock has to cool off a bit in the coming weeks, however, so there should be an opportunity to pick some up cheaper. Good luck! Tuesday October 12, 7:11 pm Eastern Time Emulex board ok's 2-for-1 stock split COSTA MESA, Calif., Oct. 12 (Reuters) - Emulex Corp. said Tuesday that its board has approved a 2-for-1 stock split of its common shares and an increase of its authorized common shares from 20 million to 120 million. Both plans are subject to the approval of shareholders who will meet and vote next month. If approved by shareholders next month, there would be about 35 million shares outstanding under the new plan. Emulex is a leading designer, developer and supplier of fiber channel host adapters, hubs, ASICs and software products that enhance access to, and storage of, electronic data and applications.