P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: Softechie who wrote (24356)	1/15/2003 5:00:33 PM
From: LTK007	Read Replies (1) of 30712

In spite of headlines of "Record Revenues for OLGC" and much management spin it is down at this moment 1.30. Here is the key, no matter the spin a 7% sequential growth Fibre and 2% SCSI can NOT in anyway justify a 49-1 P/E. << We have continued to experience solid growth in our Fibre Channel business and continued moderate growth in our SCSI business," said H.K. Desai, the Company's chairman, CEO and president. "Fibre Channel revenues increased 7% sequentially, while SCSI revenues grew 2% driven by demand from a diverse range of customers. We are very pleased with our overall performance during the current quarter and throughout fiscal year 2003 in a difficult market.">>

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