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

To: Greg Hull who wrote (17612)	8/7/1998 9:19:00 PM
From: George Dawson	Respond to of 29386

"The article states that junk can carry two meanings. It may refer to companies whose stock is down in the dumps or are having trouble executing their business plan, or it may refer to the financing that is tilted too heavily toward the new investors at the expense of existing investors." Greg, This seems like a novel use of the word "junk" in investing. I am used to the term junk bonds, where the bonds have a BB rating or lower, but I have never heard of "junk equity". I suppose it connotes the same potential high risk and possible high reward. I have never heard of a depressed stock being called "junk" before. George D.