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: Bob Richmann who wrote (12035)	10/30/1997 3:51:00 PM
From: Chris O'Connor	Read Replies (2) of 29386

Lets see, We sing the praises of the Groupe Bull announcement this past summer. The final result to date. ZERO sales We talk of how EDS is a champion of Class 1 FC. Result No orders from EDS We talk of the superiority of the new switch versuses the competitons switch. Result ZERO sales We sing the praises of managament. Insider buying lately ZERO We book 2.8 mill in the first 3 weeks and only come up with 600K more the rest of the quarter. The next quarter will not be as strong as this one. We burn 3 mill cash a quarter and have 4 mill on hand. There will be no significant sales relating to the new switch till some time in 1998 thus giving the competition time to catch up (that is if there is a market for these switches). I'm sorry folks, I think it is time to move on. FC might be a large market but it doesn't appear to be much for switches. Yes there are many announcements regarding FC but none involve ANCR or FC switches. There are too many negatives here to continue holding. I'm with you Mike. I gave the company a shot but I have had enough hype. Yes this year was a scorcher. Unfortunately it was the ANCR investor who got scorched. I'll take a look back to see if it is worth buying a year from now but I'm closing out my position in this company. To all who remain long, I wish you luck. My only advice is to stop being cheerleaders and put heat on the company After all, you own it.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next