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

To: szabel who wrote (27132)	5/25/2000 1:31:00 PM
From: Mark J. Hardie	Respond to of 29386

"...im smiling as im watching you lose your ass in this bear market. LOL. your the ultimate crybaby. nobody affects my gameplan..." Say, you don't have a brother named 'Ed', do you? How about a cat? You got a cat? Can it pick stocks? Mark

To: szabel who wrote (27132)	5/25/2000 1:52:00 PM
From: J Fieb	Read Replies (1) \| Respond to of 29386

szb., Who said this? THIS WEAKNESS IS UNJUSTIFIED, IN OUR OPINION In our opinion. . . ú . . .QLGC is being priced like a profit-less, prospect-poor Internet stock -- yet the company is lushly profitable, with accelerating revenue growth and improving margins. Currently, about half of each revenue dollar flows to the bottom line. Rather than consuming cash, QLGC generates huge amounts of it: QLGC generated $28 million in cash during the March quarter, and as of March 31, cash & equivalents amounted to about $165 million, or 61% of total assets. ú . . .The share price has been forced down due to worries about the ANCR acquisition -- but this acquisition will likely add important capabilities (related to fibre-channel switching, which is where the technology trend seems to be going) and help both companies compete with the leader in the switching business. ú . . .the technology standard that will likely be the source of much of QLGC?s growth has been questioned -- but the competing standard is a long way from implementation and does not have the vital reliability that fibre channel has. We think that fibre channel is in its initial stages of implementation and that QLGC will prosper as customers ramp up their offerings of fibre-channel-standard data-storage products, to compete in fast-growing Storage Area Network markets. Thus, we see the recent QLGC price weakness as a buying opportunity. Prudential Securities Incorporated (or one of its affiliates) or their officers, directors, analysts, or employees may have positions in securities or commodities referred to herein, and may, as principal or agent, buy and sell such securities or commodities.