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To: Paul Shread who wrote (38608)	5/9/2002 1:48:09 PM
From: bcrafty	Respond to of 209892

Paul, unusual indeed. QLGC kicked some bullish arse yesterday. Yesterday's performance was a combo of an unusually strong down day before earnings (a fund not wanting to chance it, maybe?) an upside earnings surprise, and the CSCO news lifting the entire naz. Sooooo glad I covered this one last Friday, but missed the long side yesterday.

To: Paul Shread who wrote (38608)	5/9/2002 1:54:14 PM
From: quote 007	Respond to of 209892

QLogic Corporation (QLGC) was Upgraded by Needham (Ranked #7 of 19 research firms covering QLGC since May 10, 1998) and Legg Mason (Ranked #10 of 19 research firms covering QLGC since May 10, 1998) from Perform to Buy at $43.91 on May 8, 2002, thanks to the CSCO rally and QLGC’s forecast of more revenue than expected in the next two quarters. QLogic Corporation, of Aliso Viejo, California, makes Storage Area Networking (SAN) components. Needham (ranked #7 of 19 research firms covering QLGC since May 10, 1998, according to Investars.com) had initiated QLGC coverage at $45.83 on December 20, 2001. 5 months, 4% lower price, but with good micro/macro news, and QLGC is a Buy. Legg Mason made similar moves, initiating QLGC coverage at a $48.93 Perform on March 19, 2002. 2 months, 10% lower price, and QLGC is a Buy. Also chiming in were RBC, First Albany, Thomas Weisel, and Bank of America with QLGC reiterations of their bullish ratings. And with the two new upgrades from Needham and Legg Mason, QLGC’s InvestarRating shoots up to a 0.6 Outperform (Buy=2.0).