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

To: Alan Aronoff who wrote (15928)	4/28/1998 2:23:00 PM
From: Patrick A. Kelly	Read Replies (2) \| Respond to of 29386

Alan, I'm sure that I am not alone in needing an education about how Kinnard might make their estimates. My understanding is that all of us have access to all the public information and that Kinnard cannot be basing their judgements on any additional "insider" type numbers. If that is correct, and they are correct, why would we all be waiting around for the millennium profits? Why hold for so long and miss so many other "boats" in the interim? I must be overlooking something very basic, such as Kinnard's best guess is just that (a guess) and no better than that of us longs. Any helpful explanation would be appreciated.