Sequent Message Board - Msg: 2648590

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Technology Stocks : Sequent

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To: Sbtorres who wrote (650)	11/5/1997 7:44:00 PM
From: van wang	Read Replies (1) of 1229

nice to hear this i was disappointed with last Q...i thought they didnt follow thru on the momentum of 2Q...they were less exuberant than u or i wanted them to be...but lets face it, i think they dont exactly know when some of these deals get closed so they may be holding to their 30% topline target only the silver lining is that product sales grew 45% (this is product not service) vs prior year....large service backlog...US industry growth is expected to be 28% CAGR to 2003 in the sector SQNT is in---high end servers...worldwide growth is expected to be higher...so they are getting there Laura C. downgraded SQNT...she went right after McAdams and Gregg...she took out Boeing's revenue and saw top line grow only 20%...McAdams is partially right that she cant do that because Beoing has always been a customer...and so many mid caps have customer concentration issues at one time or another...he also said that Boeing relationship will continue to provide sales...via McDonnell D. opportunity...i tend to agree with McAdams what made me nervous was McAdams and Gregg's comments about wanted SUNW and Others to get into the fray that it was good...i think if they were having an easy time at getting sales they wud not think this...add to this their less exuberant (compared to 2Q conference call) attitude toward top line growth...i think if they did only 30% for 3Q then we have to ask hard why?....maybe customers have difficulty signing up to NUMA or that they dont want to sign up with small name versus SUN or DGN, etc. personally, i think they will do better than 30%....because of 45% product sales growth, i think SQNT is oversold...the stock shud perform if co. performs...right now, with all the risk, i cud see why we are at $21 -22...at minimum, i think we will move up to 26-28 by Q ending if we dont get pre-announcement cheers

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