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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

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Aug 24 5:00 PM EST

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To: Craig Stevenson who wrote (11947)	10/29/1997 9:31:00 PM
From: Kerry Lee	Read Replies (4) of 29386

Craig, it is also interesting to note that ANY number above $3 million would be record quarterly revenues for Ancorpse <g>. Tomorrow's news release and conference call will be very interesting. On the one hand, a number of $3.8 million would equate to 100% growth over Q3 1996 revenues of $1.9 million and 80% sequential improvement over Q2 1997.Also they can point to robust nature of FC industry and the new MKII introduction. On the other hand, this is the very first quarter for both the new CEO and new CFO and one could argue that neither had any impact on the quarter ( credit or blame ). Therefore, IF there is any opportunity toi take write-offs ( such as for inventory/returns due to product transition ), the time for them to announce it would be tomorrow. In other words,they have a once in a career opportunity to blame their predecessors and they start off with a clean slate. At the very least, with a shareholder lawsuit hanging over the Company, I would expect them to err on the conservative side when describing their future prospects. Just my take.

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