Qlogic ( QLGC ), Right time to BUY ? Message Board

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Technology Stocks : Qlogic ( QLGC ), Right time to BUY ?

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: Stuart C Hall who wrote (322)	7/15/1999 8:42:00 PM
From: Lucinos	Read Replies (2) of 519

I guess everyone is speechless after QLGC surprised us with an earning that is 22.4% over the street estimation. I don't know much about fibre channel technology. I was told it is sort of a standard used for sending data between computer system and storage devices. The name may be misleading, since it may not have too much to do with optical cable. Anyway, a lot of people believe there will be a lot of room to grow for fibre channel in the next few years (with about 200% to 300% annual growth rate). However, the majority of revenue for QLGC is coming from SCSI (about 70%). As you can see, with the booming of internet the demand for all kinds of I/O products is significantly higher than a few years ago. That may be the reason why Qlgc is doing very well these days. Lucinos

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