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: Slapshot who wrote (26843)	5/10/2000 11:51:00 PM
From: Kerry Lee	Respond to of 29386

<<I will vote my shares for this merger.>> Ditto. The Q conf call was enlightening to say the least, notwithstanding another outstanding quarter. They are a money making machine, eg 68% gross margins, generated $28 million cash in Q4 and 70+% topline growth. All business segments firing on all cylinders and a Senior Mgmt team ( CEO and CFO ) unafraid of BRCD and proud to boast to Wall St that they are a "POWERHOUSE". There was not 1 single iota of conservatism, hedging or caution about growth rates going forward as far as analyst guidance and no "NDA" excuses. When asked during the Q&A for revenue guidance going forward, the CFO adroitly implied that the historical sequential growth trends were a good place to start.In other words, there was NO warning about any slowdown and the $50+ million backlog they had at the end of this quarter ( versus approx $30 million backlog YA )was very comforting. This is a proven, confident and customer-centric Mgmt team knows how to run a world-class organization.Their operational expertise and experience in managing the Street will take Ancor from Division 2 NCAA straight to the NBA. I found the CFO's statement " for every $2 million incremental revenue, will drop approx $1 million in net income to the bottom line" to be particulary interesting..I assumed he was referring to operations/sales/markting/admin infrastructure growing at a much lower pace versus topline growth. In other words, the business model has huge scaleability. I believe I actually heard HK mention that they planned to be a $500 million run rate business in the near future but I did not catch his timeframe.

To: Slapshot who wrote (26843)	5/11/2000 3:04:00 AM
From: Douglas Nordgren	Read Replies (2) \| Respond to of 29386

Believe me, I know what it is like to get screwed by "partners" whose product doesn't work in an OEM integration. I believe you Slapshot. We could have been screwed again but for the sustained and successful efforts of Ancor's integration team wrt the Sun OEM. Their commitment and expertise validates the axiom that "there are no problems, only opportunities." I think Ancor got the most out of that "opportunity," in spite of their detractors' anticipations of doom and gloom at Sun. Qlgc realizes fully the value that Ancor contributes to their coffer, having had their nuts pulled out of the fire thanks in no small part to Ancor's doggedness. Douglas