>>Can anyone tell me what the news is if the loss per share estimate is unchanged from 12/8/99, despite the deferred revenues?<<
Eggzackly, George. Why, I clearly remember whatsisname stating last CC that Ancor would meet it's 4Q estimate without any revenue from Sun. So now, some $500k that could have been booked this Q has been dumped into next Q's pot? That's fine by me, so long as the deferment's occurrence is the result of cool heads prevailing over the arcane matter of revenue recognition.
I usually don't book money until what is delivered to the field is signed off. And the lab and the field can sometimes be worlds apart, it's parse and parcel on the bleading edge. They'll get it done, whatever it is, and pocket the dough then.
We'll have to wait for Ancor's explanation of why they won't book money they never planned on or announced booking anyway. I don't recall any public statement from Ancor of them shipping SUNW. Do you? If they did whisper something of that sort to Ashok, it showed up in his analysis as a statement that Ancor was shipping to Sun. He must have construed that to mean that revenues were going to be recognized this Q also. He, along with everyone else, should listen harder, IMO.
In the long run, this is all much ado about nada. Looks like a lot of shorts got their $45 break even. Congrats. Any mangy malingerers may find themselves becoming crispy critters in a fire sale, soon.
In the meantime, ADIC and MTIC are bucking and their strength lends support to ANCR hitting that (.05) target. Way to go. Looks like Ancor got some things done out there alright.
Douglas
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