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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: Craig Stevenson who wrote (11048)	10/9/1997 2:32:00 PM
From: Ed Schultz	of 29386

>>I don't understand your basis for that statement. Craig, Take a look at my predictions. Low $4M but a substantial net loss. Reason being that they have to charge something for hiring a new CEO and CFO. The also have to report something for defending the rash of lawsuits. Furthermore, they need to ramp up advertising for the new switch. Most all of these "hits" occurred in the most recent quarter. Even if these amount to small sums (say several hundred thousand) that will have a HUGE negative impact on the earnings and on the stock. Secondly, even though low $4M sounds great, there is no assurance that they can repeat that. With the Groupe Bull and AWACS announcements and all they can muster is $4M then no one will take them seriously when they do have a big announcement. (Obviously no one does in any case as the above announcements had little impact.) I agree with you on one point, show me the numbers! And this quarter will NOT be it. So are we to wait yet another quarter? Ed

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