Computer Network Technology (CMNT) 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 : Computer Network Technology (CMNT)

CMNT 0.0001000

0.0%

Feb 10 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Neil S who wrote (351)	4/23/1998 2:30:00 PM
From: Craig Stevenson	Read Replies (1) of 750

Neil, I agree with you, and interestingly, I also half expected a positive EPS surprise. According to the conference call, Q1 revenues were still a record $31.2 million. It sounded to me like there were several factors that made Q1 softer than it otherwise would have been. They delayed a software release from the Apertus division due to some quality issues. That should ship in Q2, and should positively impact the quarter. The other item was that there were no really big orders in the quarter. That could also change in the quarters to follow. It sounded like the IBM OEM deal has some real potential. IBM is in the process of bringing their sales team up to speed, and volume should begin to ramp in Q3. (Sales will start to occur in Q2.) I didn't write it down, but I think they said that 50% of their customer base were new customers in Q1. That's some pretty impressive customer growth. (Unless they only had four customers before. <g>) Craig

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next