Silicon Investor (SI) -- The First Internet Community

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) -- Ignore unavailable to you. Want to Upgrade?

To: George Dawson who wrote (25411)	1/7/2000 6:23:00 PM
From: w2j2	Respond to of 29386

There was a Piper Jaffrey report back in November that said there were problems with Ancor switches trying to use Sun adapters. wj

To: George Dawson who wrote (25411)	1/9/2000 2:23:00 PM
From: Patrick Sharkey	Read Replies (2) \| Respond to of 29386

George, I respectfully disagree. If Ashok Kumar said what was attributable to him, and if the information came from Ancor, it is news, and important news. Note 6 of the Ancor 10Q financial statements said that the Company expected to recognize a limited amount of SUN revenue in Q4, 1999. If Kumar is correct, there will be no such revenue recognition. While Kumar appears connected throughout Techland, and can have many sources, including sources within SUN, the statement he made was about internal Ancor policies regarding revenue recognition. Does he have actual knowledge of those decisions for Q4 as they are being made? I don't know, but I would like to find out. In my opinion, but without any access to the real facts, Kumar's statement about what the Company will do with respect to SUN revenue recognition is either wild speculation concerning internal matters, or a report on something reflects a decision actually reached by Ancor. If the latter, we are owed an immediate explanation of what led Ancor to tell us in November, 1999 that SUN revenue would be recognized in Q4, and the current decision not to recognize such revenue despite previously anticipating doing so. I want to know what facts changed, and what made the Company change its mind. That being said, whether revenue in the amount of 500k is recognized now or later is not material. The reasons for the change from anticipated revenue recognition from SUN, Ancor's leading opportunity, to no revenue recognition may be material -- depends on what the Company knew in November when the 10Q was released, and what it knows now. We should be informed by the Company now, shouldn't we, about what it was thinking in November, 1999 and what it is thinking now? Pat