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Technology Stocks : Mylex

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To: Dougerdad who wrote (1742)11/25/1998 10:15:00 AM
From: Baker  Read Replies (1) of 1820
 
I think you're right about the buyout rumors. IMHO I just don't see Mylex being willing to sell right now given their recent restructuring (and since they have the poison pill). It is my belief that they have turned the corner and are on the road back to profitability - my guess is they will probably beat analysts expectations by a penny or two this quarter. I also think Mylex may have secured some kind of commitment from HP since they had product in beta with them. However, I don't think revenue will start to appear before Q2.

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