Mylex Message Board - Msg: 5288495

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 : Mylex

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dougerdad who wrote (1642)	7/23/1998 11:05:00 AM
From: Baker	Read Replies (1) of 1820

Glad to know somebody's still interested in what's happening with this stock. In answer to your questions, no I haven't heard anything but am anxiously awaiting the conference call that is scheduled next Tuesday immediately after the market closes. The last time I looked Zack's was estimating a loss of -0.05. Of course this was prior to the announcement of the reduction in workforce and that Mylex would be taking all the related charges in 2Q. If they don't do any worse than the -0.05 not including one time charges for the reduction, I will be happy. IMHO while I would have liked to see more than just a reduction in workforce. I am also looking to see if Mylex has stepped up to the plate during 2Q and bought back any significant number of shares. At last count it was either 735K or 835K with an authorization of 3M. I also am interested in hearing a little more about the two new offices that were opened. This was announced after the reduction in workforce. Since they announced the reduction would result in approx. $1M in savings, how is the opening of these two office going to affect that savings? Where all the staff in place already? What about overhead - like rent, etc? Here's to better times.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next