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

To: Ron who wrote (774)2/12/2001 9:48:05 AM
From: ArnieC  Respond to of 788
 
EMLX has great fundamentals and is a leader, but it's technical chart is the pits. It may be too soon to pick it up
as technology stocks are still falling. I probably would wait for a rebound on higher than normal volume.



To: Ron who wrote (774)2/12/2001 10:57:25 AM
From: pass pass  Read Replies (3) | Respond to of 788
 
I'll buy it if/when it settles at 20s, which has a forward PE of about 20. Check out JNIC, which is EMLX's competitor. JNIC has PE about 20 and has been going nowhere for a while. Looks like the last standing sector: storage is also coming down.


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