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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST
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To: craig crawford who wrote (11609)10/21/1997 11:25:00 AM
From: Craig Stevenson  Read Replies (1) of 29386
 
Craig C.,

<<This is what I'm having trouble with. I don't recall seeing it and I find it interesting that there was no talk about it. Don't you think this is something worth discussing?>>

Yes, this is certainly something worth discussing. The problem is that nobody seems to be able to find anything more than the original press release. There just isn't much to discuss, because we don't have any additional information.

<<I don't understand how they can call these new when they are part of the original $7.4 million deal.>

I haven't checked the wording of the original Hucom release, but I suspect it said something like "up to $7.4 million". These are new orders on the original contract. If they had not been placed, the contract value would have been worth LESS than $7.4 million. As it turns out, the value appears to be in excess of $7.4 million.

<<The contract, which extends through the end of 1998, calls for significantly increased commitments from Hucom for GigWorks switches and adapters to serve this growing market.>>

This statement does NOT say that Hucom 1998 will be worth MORE than $7.4 Million, although I suppose that implication could be drawn. What I think it says is that the MINIMUM commitment from Hucom has been significantly increased over 1997. I don't think we ever knew what that minimum commitment was.

Craig
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