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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: J Fieb who wrote (24116)	9/16/1999 7:41:00 AM
From: Nine_USA	Respond to of 29386

Shown in the Brocade balance sheet and income statement as of the quarter ending July 31, 1999 are several items of interest: ______________________________________________________________ fully diluted shares outstanding = 27.5m. This gives BRCD a market cap of $6.05 billion at the 220 current price. Yahoo, which doesn't use the fully diluted share number, shows BRCD market cap to be $5.65 billion. This is a difference of $400 million, or 57% of the total market cap of ANCR. ______________________________________________________________ cash and cash equiv and short term investments are $76.3 million for BRCD. For ANCR, this amount is virtually identical. The income statement for BRCD shows a quarterly interest income amount of $633k, which is 38.5% of the total income for the quarter of $1.641m. So nearly 40% of income for this company is coming from a source which has zero (or declining) projected growth. ANCR, with equal cash & equiv holdings, should obtain similar interest income. $600k for a few quarters (the ramp will end it) is a nice cash flow cushion for the nonce. ______________________________________________________________ Brocade financials at biz.yahoo.com