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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: w2j2 who wrote (21578)	4/28/1999 4:26:00 PM
From: GuinnessGuy	Read Replies (1) of 29386

Walter, "I think everyone was pleased with the revenues this quarter, and they are growing steadily, albeit not rapidly. (Remember that $100,000 quarter last summer?)" Good point. If you back out the Boeing revenues and Inrange revenues from last quarter and this quarter I believe you are left with just SAN switch revenues. Doing a calculation on this sequential growth rate, I come up with a tad over 40%. On an absolute $$ basis, it may not appear so great but I'm pretty happy with 40%. And I'm sure that it is going to go up from here unless we get into Y2K troubles this year. I'll stick my neck out here and predict that Ancor does $3 million in revenues next quarter and burns only 1.5 to 2.0 million in cash. Maybe, just maybe, they won't need to do any financing after all. Also, I noticed that they mentioned that the Boeing delivery would be 'essentially' completed this(the current) quarter but that it would only amount to $1 million. According to the press release: ancor.com this order was supposed to be $1.5 million. Does this mean that the order has been scaled back or was the CFO(?) referring to how much free cash flow it would generate(one can only hope)? CraigS2

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