The New QLogic (ANCR) Message Board

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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: w2j2 who wrote (29083)	11/22/2002 7:36:43 AM
From: KJ. Moy	Read Replies (1) of 29386

<<Revenue jumped 31% to $153.1 million from $116.5 million. Brocade warned last month it expected earnings of seven cents a share on revenue of $152 million to $153 million.>> They delivered revenue right on the dot. IMO the channels are just stuffed enough to get such precision. Going forward to 1Q, channels are less inclined to take in more inventory. Thus, a huge miss. Both ELX and Q guided sequential quarterly growth. I believe BRCD is losing market share in a big way. Their business model in going direct to end users is coming back to haunt them. It also explains the layoff action. All IMHO and speculation.

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