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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: Nine_USA who wrote (11971)	10/30/1997 7:25:00 AM
From: Gyan Brard	Read Replies (2) of 29386

The numbers do not look good at all to me. 2.8 million in revenues in the first month of the quarter announced as a nice teaser and a trickle of sales through the rest of the quarter. Not enough cash to continue operations for much more than two more quarters. Gross margins unbelievably bad (unless those charges are reflected in the cost of sales numbers). I would definitely be prepared to head back to <$6 at this point. Hey at least they aren't trying to pump up the numbers too much in the accompanying text. Still long and hurting bad. Gyan

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