tkx. haven't seen the e-mail.
some interesting tidbits worth noting. we may not have similar gain out from these names this time.
i have a friend who has an engineer friend works at a storage start-up, the engineer is not a trader, but he told my friend brcd is doomed. dont know exactly why, may be that guy has a bias. i only notice brcd guided up revenues but not eps, and in a hugely up market, it cannot seem to get out of its own way, even with ceo on cnbc.
another thing about qlgc.
i am going to copy the following from a friend's e-mail, as it reminds me of Steve's post to you on the Price over sales issue.
<<on a fundy-basis, here's 1 data point. My company uses QLGC cards.
We pay some exhorbitant amount for them. As storage margins
get squeezed, we looked for ways to save moola, and decided we could
buy just the main qlogic chip(s) from them, have the board
manufactured, and save about 60% of the cost. And with the number
of boards that go into any one of our systems, it was a big, big
savings.
And we're just a small player. Think what will happen when the
big players decide they're paying too much to QLGC?
On Fin'l. Analysis side, they just made .75/sh for year just ended.
This was flat with last year, as was the revenue figure at $350M, or
$3.68/sh. So, p/e=69, p/s=14. Seems to me that paying for 14 years
of currently flat sales is a might excessive... But that's just
my opinion.>> |
