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Technology Stocks : MTIC - Is this the next EMC?
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To: Mark T. Heath who wrote (3535)10/24/1999 8:36:00 AM
From: jim nazium  Read Replies (1) of 3748
 
MTIC reports on Thursday before the open.
Well here we are again. One year after the bad quarter. The estimates on the street are 10 cents (this includes a 2 cent loss for their stake in Caldera) so 12 cents excluding Caldera. Two of the analysts have written that they will probably fall short on the revenue estimate by $1 to $1.5 million but unsure about earnings. That is one of the reasons I assume the stock has gotten hit. Also it was announced in several trade regs that Caldera IP would not be filed until 2000.
The important thing to focus on for MTIC is at least hitting the earnings number and gross margins. Part of the reason revenues may be down is that they have intentionally been re-selling less tape and their new RAID box with their own Fibre controller is hot and carries higher gross margin.The difference from a year ago is that MTIC now has significant technology that they own with an exciting product road map. The buyout of DGN and MYLX narrow the list of FC controller and box makers. EMC will probably not allow DGN to OEM the Clarion and sell directly. IBM will probably allow Mylex to OEM but I would be nervous if I was a customer. The other difference is a 25% stake in Caldera that they paid $6 million. A year later much more technology and they have been hiring a numbero of sales people that should be productive going forward. Also they have targeted the internet space and that will hopefully fuel their future growth.
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