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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 (13809)	1/22/1998 5:46:00 PM
From: Neil S	Read Replies (1) of 29386

Craig- Leading [Vs Laggard] Market Indicators ? From Emulex Q2 Results: Message 3234112 <<The fibre channel sector continued to drive the improved profitability of the company during the second quarter," stated Paul F. Folino, president and chief executive officer. "Revenue from our flagship LightPulse(TM) fibre channel product line more than doubled from the same quarter last year.>> <<Propelled by rising shipments of Emulex LightPulse fibre channel adapters, gross margin improved from 37% in the second quarter of last year to 44% in the December quarter just ended.>> <<Emulex has also reached agreement with IBM Corp. on a new OEM relationship which will encompass providing fibre channel connectivity solutions for IBM operating groups. Early in the second quarter, Emulex had disclosed two additional fibre channel OEM agreements with Digital Equipment Corp. and Groupe Bull.>> <<Although many of the company's fibre channel OEM customers remain in the development stage, several are positioned to commence production shipments of fibre channel-based systems over the next several quarters.>> Neil

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