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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST
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To: Craig Stevenson who wrote (17378)7/25/1998 12:52:00 AM
From: Joe13579  Read Replies (5) of 29386
 
Did anyone get the impression that during the conference call, Ancor management was holding back on some potential big news (probably due to NDA's)?
Two things were mentioned in the conference call that really caught my attention:
1) right now the need for switches is very low and that nobody is needing switches yet (except for Sequent) - this explains low revenues for this quarter and also probably the next two quarters; and
2) Ancor is still hiring and continues to grow (as far as employees are concerned).

If Ancor is in trouble, why would they be hiring? and if there is no present need for switches - why the increase in personnel?
The ONLY answer I can come up with is that they know there will soon be a demand for switches AND that they have commitments from a number of vendors to carry their switch (bound by NDA's) once the need arises. Ancor would not be hiring additional engineers to develop software that might not be used - it doesn't make sense.

I would bet that if Ken H. was asked if they had any types of commitments from any OEM's for the near future, he would say that he couldn't answer since they're bound by NDA's or that it would be a forward looking statement. This explains low revenues and it explains increase in hiring (to keep up with a demand that they KNOW is coming).

Any comments?

Rob
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