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THE REAL MOST ACTIVE Volume Up As Nasdaq Closes Lower For March.(B)

Investor's Business Daily

| April 01, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: NANCY GONDO

The Nasdaq composite fell just 0.3% Wednesday on slightly heavier trading. It was enough for the index's second straight monthly loss. The tech-heavy Nasdaq 100 pulled back 0.5%. Still, a handful of leaders rose or extended their recent gains.

QLogic gapped down 9.69 to a 52-week low of 33 on its biggest volume in over a year, as more than 33.9 million shares changed hands. The maker of storage network gear expects fiscal fourth-quarter sales of $128 million, below its earlier forecast of $138 million-$141 million. It blamed a drop in orders from two clients for host bus adapters.

Usana Health Sciences sank 2.67, or 10%, to a six-month low of 23.33 on nearly five times average trade. The maker of nutritional, personal care and weight management products said late Tuesday it sees first-quarter profit of 29 cents a share, 2 cents below its prior views. It cited the opening of the Mexico market and higher costs among reasons for the fall.

On the upside, Magal Security Systems leapt 2.99 to a new high of 22.20 on nine times normal turnover, the Israeli firm's third straight day of double-digit percentage gains. On Tuesday, the maker ...

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