Market showing strength- Perhaps trading range for next week or so, since so much strength recently. Brushing up on interday trading this weekend.

MM,Specialist inventories may still be quite full after several weeks of a downturn, more for distribution possibly? Yes, Charts may indicate a downturn soon, but how much? Volume on second low was not like the first, possibly indicating most of the selling done. Is the hype there for new buying? We'll see on the pullback, more 'bond' and Money market $? Has the buy side Psyche changed? I'm using too many ??? marks!

Courageous of SSB and CSFB to give price targets of 23 to QLGC just last week!

You seem to have 2 IDs as well! Perhaps Cannabis holds the KLAC while Cannabbis shorts the QLGC. The 'bogus' JNIC PR today, is a case in point where no on can believe that QLGC actually is a good tech company, and the 'bad' news is proliferated. Been following this stock since '96 and have seen Q take the brunt of all the other SAN warnings, while issuing none of their own.

The buyback can't hurt. If Q ever starts to issue a dividend, that could stifle shorts as well, as they would never want to hold a short and pay the dividend.

Cannabis, REG FD is still in effect.
Tell us about the prior buyback.
Probably confused with ELX.
Nevetheless, BUSTED.

That's my point. It cannot be found.
http://www.google.com/search?hl=en&ie=UTF-8&oe=UTF-8&q=qlgc+qlogic+buyback&btnG=Goog...

Your info is wrong. Just like your EPS quote today.

I just did and provided a link. Show us you're not a FUDster!

Cannabis, no mention of buyback on QLGC site 'til today.
http://www.qlogic.com/news-events/press_releases.asp

Where do you get that info?? Please be accurate.

It'll help on the SQUEEZE. SSHorts suffering and stuttering as price climbs AH, higher, higher..

Check it out, .28 not .26
<Second quarter pro forma net income increased 7% from the previous quarter to a record $27.0 million, or $0.28 per share on a diluted basis compared to $25.3 million>

<"We continue to be encouraged by our strong financial performance," said H.K. Desai, the Company's chairman, CEO and president. "Despite the sluggish overall technology spending across the industry, the company once again experienced strong growth in our Fibre Channel segment and continued moderate growth in our SCSI business. Fibre Channel revenues increased 10% sequentially, while SCSI revenues grew 3% driven by demand from a diverse range of customers>

That is not old news. QLGC growth in place.
any more rumors?

Or QLGC MM's taking out the stops to distribute at higher prices. IBM is more of a concern than QLGC, IMO.

Will the Rally Monkey make an appearance?
watching Tick and Trin ..

QLGC PE rate might be be attractive in low 20's.
SAN buildout is continuing,not even half done. QLGC offers solution/price/diversity that will contiue to vault earnings ahead, IMO. No Debt, half a bil in the bank, Street likes cash flow. Top management, tight ship, they even own their HQs outright.
But it's a 'tech stock'. Need to time correct for awhile.

Sierra Club used to hate off road bikes. Not so anymore.
We have some clout now.

I have 23 seasons of hard core road and MTB here in SoCAl. An earthquake, fire and all the other acts of god thru the ages make bike impact look miniscule. What about golf courses? Try riding to the store once in a while instead of firing up the SUV. ( in general)

SMH beat up- If you believe in the market turnaround, could be a decent core holding. 20 would be a nice Fib. retrace on recent run up.

Bikes don't pollute. How 'bout that impact?

QLGC- maintains gap from yesterday, shorts not hammering interday. Market downside not hot.

BRCD has some problems that the other don't, namely product and pricing.

TEVA- LOD, down $1 since mentioned here!

SPY- nearing 50 DMA of 88.16

TEVA- LOD on good volume. Market leader money looking elsewhere?

SPY-HOD, market pullbacks being bought. By Whom?

QLGC, wait for earnings, or play an option, which expire Friday. Market reaction on QLGC has always been solid, one way or the other. See May 8,2002

QLGC - HOD, huge

OVER weakening-

ELX strong, but extended

Tradestation- NO STOPS now. What the F***!
Any Advice for a new DA broker please.

EBAY- near LOD

Art Cashin is probably cashin in by writing an order contrary to what he just reported!

NWRE holding up, bounced off 200DMA yesterday.

SPY- fails twice today at 5 min. 100MA

IMO, BRCD has specific problems to deal with, product, competition, non-diversity. To have Merril downgrade now, after being the biggest cheerleader may prompt other to downgrade. The sector will continue to build out SANs to the world, albeit at a lower price most likely. Most still have direct attached storage systems.

QLGC has the diversity, they make big$ from the chips that sit on the disk drives,SCSI and FC, as well as the interconnect to the host computers. iSCSI can address the existing supply of SCSI drives out there to be utilized in SANs.

QLGC- could be more unwinding of shorts, continuation. Possible beginning anticipation of earnings in 2 weeks.
Geez, the company had telegraphed increased rev. and eps for *2* qtrs back in July. The visibility is there, but the market is not happening.

On the market, Ralph Bloch on CNBC made some decents points for a bottom, namely historic ends to bear markets in Oct. as well as the non-ferocity of this recent low, i.e. volume and new lows.

Teri G no downgrade:
<<7:52AM Merrill Lynch cuts estimates and downgrades select storage stocks : Merrill Lynch lowers their weighting on the storage sector to Neutral, as the fundamentals of the storage sector are not improving as expected and investors are not willing to wait; cuts 2003 rev ests and downgrades BRCD, ELX, and NTAP to Neutral from Buy, and cuts QLGC's 2003 rev est and maintains Neutral rating.

>>

downgraded the others, maintained QLGC.

More rumor mongering on the thread.

This is the same room that was posting rumors about a QLGC warning just a couple days ago. Of course its a joke, but it points out the manipulations.

The QLGC warning should happen anytime now.

There *is* an army of QLGC shorts. It is a daytraders stock in trade, as it were. Look at the volume explosion in the last 12 months.

Any QLGC under 30 is a LT buy IMO, just based on FA (on price upswing). That is probably why it *is* above 25 now, and not below 10.

If shorts had to provide,say, 80% cash, this would be a different story.

Cannabis (sativa or indica?) - Post as much as you want-
will probably help the SAN types since more storage needed!

EquityOutlook-in Cahoots with Pac Crest
nobodies.
Bunch of <fill in here>

Correct Sherlock- QLGC's quarter is over and any announcement would've already happened!