The New QLogic (ANCR) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kerry Lee who wrote (11956)	10/30/1997 8:25:00 AM
From: Craig Stevenson	Read Replies (3) of 29386

Kerry, Well, it looks like you were right about the write-offs. Any idea which adapters they are writing off? It is a record revenue number, but they missed the Kinnard estimate by a little bit. I'm surprised by the extent of the loss, even after backing out the special charges. (-.23 +.08 = -.15) That's an improvement, but not much. What are your thoughts on the $250,000 severance package? Is that all of it, or will there be more? I noticed that Ken said, "...the company delivered an order of GigWorks Fibre Channel switches to a major oil company for use in geo-seismic modeling application." I hope they expand on this during the conference call. It would be interesting to know who this was, and what kind of potential was there. We have heard oil-patch rumblings here for quite a while, but no names have been attached. Any thoughts on what Ken meant when he said, "...the timing of orders and shipments will result in revenues varying from quarter to quarter."? Could this mean that there are orders there that haven't shipped yet? Craig

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next