The New QLogic (ANCR) 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 : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: peter grossman who wrote (3972)	3/15/1997 1:30:00 PM
From: Kerry Lee	of 29386

Peter, I believe that within the past 2 months, I went on record stating that the Technology,the Channels and Management were key to success. I am seeing evidence behind the scenes that the technology is REAL based on customer testbed response( the newer switch will be even better because it addresses the Class 2/3 market,arbitrated loop and it's significantly cheaper ). There is growing evidence that Channels are being aggressively expanded/improved and we will see further evidence of that. Ancor has put alot of its energy into the international market, which for the most part, is virgin territory and ripe for FC acceptance. This is evident by NTT's desire to develop/market a WAN/LAN interface for FC products. As far as the Management issue,I apologize to Robt Justine. That issue is easily remedied. I stated that they had 75% of the right pieces in place. Like I said before, nature tends to takes its course. The immediate issue is the $10 million and this Company is quite fundable from a variety of sources. I am hearing that they are quite confident in closing the $10 million and that the subscribers were made aware of the revenue restatement upfront.Let's not forget that this restatement had ZERO profit impact and was originally booked at ZERO profit.They also threw in a $300,000 reserve against future returns which was prudent. This is all 1996 as far as the financials are concerned. Wait and see. PS- There are at least 2 very significant pieces of business ( end user ) that they are furiously working on to close..both these applications require Class 1 FC and Ancor is past the stage of bidding against anyone ( there was no one else to bid against ).One of these has been talked about already in the past 2 conference calls...This is the frustrating part.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next