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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (22386)	10/24/2001 5:16:53 AM
From: Pigboy	Read Replies (1) \| Respond to of 52237

Re; Qlgc << A sequential growth rate of 3 - 8% is an annual growth rate of 13 - 36%. So while the PE is still way too high, even for the high end of estimates, it's not as out of whack as a PEG of 17 would indicate. >> Yep. I think Qlgc is overvalued, but can understand a little bit why it trades in the mid 30s. The company is arguably the strongest company right now in the storage world. THE Storage heavyweights such as EMC (the storage 'Gorilla' just announced a massive loss and doesn't see ANY profit till next summer) and BRCD (the 'new' storage Gorilla exp. 4 cents this q) are scratching their heads on how to make it in the black, while Qlgc just announced .19 cents profit while putting in 40 more million to the cash account (cash to 420 from 380 prev quarter) and growing FC rev (now 70% of rev) sequentially (albeit 2% growth). Hard to argue this is not Impressive during this time. FC still looks to carry a lot of promise if our economic recover (?) is even mild. So, I believe people are willing to pay (who knows, maybe it craters tomorrow) for that strength and potential in such times. It is also this strength and potential, of course, that keeps it alive as one of the perennial 'MO' stocks out there with the likes of JNPR and EMLX. all imho pigboy