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Biotech / Medical : QGLY - Funny Name Great Product. -- Ignore unavailable to you. Want to Upgrade?

To: ralph keating who wrote (7163)	1/9/1998 11:11:00 AM
From: drakes353	Read Replies (1) \| Respond to of 8960

Ralph: For all I know 20% sales growth was what the analysts were estimating for next year. Might be a bit of a letdown for some though. The fact that they said they were "comfortable" with the sales and earnings estimates for this quarter kind of precludes any big upside surprises. I think some people were holding out hope for a surprise this time around. Saw someone put up their own estimate on AOL in the last few days of .70 - .80 for the upcoming report, doesn't look like that's going to happen. Good luck, drakes353

To: ralph keating who wrote (7163)	1/9/1998 2:56:00 PM
From: Frank Perlmutter	Read Replies (1) \| Respond to of 8960

I don't think it really has anything to do with the stock. Look at the market. Another day of panic selling (down 170 right now)-- QGLY seems to be holding its own. No worries here-- buyback is a little icing on the cake. People overreact all of the time on this stock-- I'm in this for the third time and the same pattern of pessimism based on rumor and conjecture always seems to come around and have the effect of artificially lowering the stock (guy selling 250,000 shares most recently). Not that this is necessarily bad-- it gives me a chance to get back into the company. Eventually the stock corrects itself based on the company's strong fundamentals and excellent growth rate... very cyclical, very predictable. Timing is everything on this one. Good luck to all! Frank