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ardent jd

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ardent jd

Re: None

Monday, 11/15/2004 12:03:56 PM

Monday, November 15, 2004 12:03:56 PM

Post# of 704019
QLGC and ELX - Positive comment on HBA market, from Morgan Keegan:

Trends in our recently completed channel survey continue to be strong with the channel expecting growth of approximately 6-10% sequentially based on a strong October month, and a healthy start to November. December is seasonally a strong month.

Our overall take is that the channel is somewhat surprised at the strength it is experiencing based on the strong start to the quarter. October has turned out to be strong and November is shaping up to be one of the strongest months thus far this year. The distributors we surveyed expect the strength to
continue through the remainder of the quarter.

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