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

To: Craig Stevenson who wrote (14217)	2/10/1998 11:03:00 AM
From: mike fredricks	Read Replies (1) \| Respond to of 29386

When are the earnings scheduled for release? What are the estimates given by the street? My other question is how do they stay in business without any revenue coming in? Do they tap into the credit line?

To: Craig Stevenson who wrote (14217)	2/10/1998 11:53:00 AM
From: Eleder2020	Respond to of 29386

>>> Even though we here on SI are braced for a $1 Million quarter, it is not clear to me that the average investor is.<<<< ...and here I thought we were the average Ancor investor and/or what average investor would actually buy into Ancor. My guess is that we are in the 7's due to Kinnard revising 2nd QTR estimates upward.I think we won't get a confirmation on stock price until the CC. Be curious if management will tip their hand about the future quarter as they have the last 2 CC's. Technically I think we are here until the CC especially if we close flat or a little down today.Ancr has been hugging the upper Bollinger Band for most of the runup as it usually does on the runups but the last 2 days it seems to be breaking down and the shochastics have turned flat and momentum is down a little. This usually indicates that we will be in a range until the BB's tighten up. Very high 6's to mid 7's.If one were into filling gaps 7 is a good place to hang out for awhile as ANCR has blown through 7 on the run ups and rundowns over the last year.Very little sustained volume in the 7's until now. Given that I think the CC will provide us with the most direction.I guess I still follow the fundamentals and the long term story much closer.The technical people follow the chart closer.Probably a case of the blind leading the blind. My guess is this conference call the story will be future financing,the overall FC market and progress of OEM's .The great upside surprise would be an actual OEM.