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Technology Stocks : Vixel (vixl), a fibre channel company!
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To: nic who wrote (108)10/4/1999 10:16:00 PM
From: Dr. Diligence   of 377
 
To me this suggests that Vixel has no concrete prospect of doing much business with Sun going forward, and that the shares were issued to forestall Sun suing for the cost of the retrofit.

This is the only problem with VIXL and this being out of VIXL own mouth is a POSITIVE sign that the problem is being addressed. Made a deal with SUNW in retribution of said failed components. This aside, this company is a watcher with increased rev despite SUNW fall off.

VIXL's has similar revs, growth as BRCD. Fibre Channel/Data Storage is a hot industry. According to Irv DeGraw, director of research at World Finance Net, "Storage area network product demand is growing at an estimated 50% annual rate with the market expected to grow from $2.5 billion in 1998 to $13.3 billion in 2002."

We should see 100 plus.

Disclosure: Will long VIXL, ANCR
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