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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Suresh who wrote (38060)	9/4/2002 4:32:12 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 69262

Hi Suresh: ELX and QLGC are two with stronger fundamentals than most realize. Good balance sheets and earnings even in this environment. Example elx had net cash after subtracting for a 350M convertible of appx. $3.45 and the convert buy back just improved this (they paid less than 100 cents on the dollar). Also elx forecast excludes any DELL business and they are now starting to see this ramp (still not sure how much this will be). ditto qlgc does not include csco business till next year. Of course I anticipate a retest of 1,192 and after Tuesday sooner rather than later.