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


To: Labrador who wrote (541)8/26/2000 2:53:40 AM
From: Bruce Brown  Read Replies (1) | Respond to of 788
 
How do you account for the $7 decline today? fear and uncertainty is my guess.

Yes. If a decline of $7 or around that range is the end result as Emulex moves into another record quarter, according to the CEO's comments that the quarter was on track for that, then I fail to see how that has 'damaged' the company. I won't disagree that such a terrible, gutless act will have a short term effect. Luckily, investing is a long term prospect and the fibre channel space should be able to take it on the chin going forward. We'll simply have to wait for the numbers to calm any uncertainty and doubt over the next few quarters.

BB