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

To: w2j2 who wrote (26867)	5/11/2000 10:28:00 PM
From: Kerry Lee	Respond to of 29386

QLogic Corp. Reinstated 'Buy' at Robertson Stephens 5/11/00 5:45:00 AM Source: Bloomberg News Princeton, New Jersey, May 11 (Bloomberg Data) -- QLogic Corp. (QLGC US) was reinstated ''buy'' by analyst Ara Mizrakjian at Robertson Stephens. Robertson Stephens Daily Growth Stock Update 5/11/00 8:35:00 AM Source: Business Wire Business Editors San Francisco--(BUSINESS WIRE)--May 11, 2000-- TECHNOLOGY Raising Estimates: QLogic Corporation (NASDAQ:QLGC) 2000 EPS: $0.76 from $0.73 2001 EPS: $1.07 from $0.93 Buy Paul Johnson, Communications/Networking "We believe the opportunity for upside surprise in revenue and earnings exists as the market for Fibre Channel accelerates over the next few years," said Johnson. "In our opinion, QLogic has emerged as an important vendor in the Fibre Channel market as a whole and specifically within the Fibre Channel host-adapter market. As such, we believe QLogic will have the opportunity to exploit the market's explosive development."