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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: w2j2 who wrote (29274)	7/23/2004 2:17:44 AM
From: George Dawson	Read Replies (1) \| Respond to of 29386

RE: One guy's take on Qlgc Walter, I read this a couple of days ago on Yahoo. I don't think FC becoming a commodity is driving the stock price lower at this point. I think it is the lack of demand. It is hard to make a commodity argument in a flat market. If I am recalling the situation correctly, the disk makers that the author uses for comparison were fairly flat, even during the tech boom. I only have to look as far as the computer I am typing on right now. It is five years old, but the processor speed, RAM, and storage are still good enough to handle high speed internet surfing and several intensive software tasks at the same time. In fact, the only reason it might not last another five years is that one of the HDs might go south. I think a lot of businesses loaded up during the tech boom - at about the same time I did. I still have about 50% of my hard drive space to fill up - I am guessing many businesses have a similar amount of storage available. If you look at the "case studies" section on the Q web site - they are clearly making progress in getting their products behind the scenes in many scenarios. Insiders continue to sell at a good clip with the sole exception of a recent buy. My impression is that tech insiders are large sellers of their stock at this point in time and I think that is due in part to the lack of demand situation. I have been very unimpressed with the market this year. Despite widely diversified positions, including growth funds, stock funds, bond funds, bear funds, hedge funds, energy funds, global funds and stocks the returns have been poor. Apart from the energy funds it is not uncommon to to see all of my positions in the red on a given day. That is hardly the atmosphere that would allow high valuation on a stock that missed their numbers a quarter ago. George D.