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

To: w2j2 who wrote (27546)	7/20/2000 6:44:50 PM
From: J Fieb	Read Replies (1) \| Respond to of 29386

Hi wj., Very rewarding to see that as events unfold, as told by this Q's reports that this thread and SI overall, if read carefully is very accurate in its read on what will come to pass. SI plays it straight, the only compass needed. HG, while having a lot of fun, is a relic from the days of yellow journalism. From the Yahoo posts a lot of people are his unknowing dupes. Their loss. Analysts are starting to weigh in and they don't agree with HG.... SG Cowen? They didn't ask any Q's..... CNET Investor Broker Center - Today's Reports From SG Cowen 7/20/00 Source: SG Cowen San Francisco, CA, July 20, 2000, 1:00 PST AAPL (Strong Buy, $53) New Products Wow; Upgrading To Strong Buy, PT $78 New pdts shine, are likely to prove to be impossible to resist; forthcoming pdts should bolster top line upside. Prospects for 20%+ annual growth, proveexecution, potential for more monetizatioof Mac customer base, opeplaying field for future innovation, makes AAPL look compellingly cheap. Risks center around transitioexecution, component pricing. Raising F00 and F01 EPS ests from $1.82 and $2.10 to $1.85 and $2.15, respectively. IBM (Strong Buy, $109) Growth Engine Set To Leave The Station Rprtd Q2 revs of $21.65B, off 1% Y/Y (flat iconstant-currency terms). EPS of $1.06 was up 16% Y/Y, better thawidely assumed but as we expected. GM declined 80 bps to 36.7% but operating margins improved one pt to 13.0% otight expense control (expenses dow10.6%). Huge services contract iQ2 augur for mid-teens core services growth iH2 and 2001. Still optimistic re 10%+ constant currency rev growth iH2. Raising F00E EPS from $4.45 to $4.50; continue to forecast 17 - 18% EPS growth to $5.30 for F01, well above consensus. QLGC (Strong Buy, $84) Strong Fibre Channel Growth Produces Mild Upside Reported Q1 revs grew 14% Q/Q, much better thaour 8% est; Fibre Channel revs grew 30% Q/Q, well ahead of expectations; SCSI revs grew 5% Q/Q, in-line with expectations. EPS of $0.27 compares w/ our $0.25 est, $0.24 last Q, $0.12 last year. Gross margins were flat Q/Q; stable for the past three quarters. Raising ests: F00 from $1.08 o$300MM to $1.17 o$313MM; F01 from $1.45 o$432MM to $1.54 o$456MM. - Billy EMLX (NR, $62), BRCD (NR, $193), ANCR (NR, $44) - All should benefit from strength iFibre Channel/SAmarket. ............ EXDS (Strong Buy, $51): Slam Dunk; AOutstanding Q2 Q1 EPS of ($0.10) orevs of $180MM (+34% seq) vs. our ($0.11) o$172MM ests. EBITDA positive ahead of schedule. Avg revs/customer up to $259K from $220K iQ1; 503 incr icust. base to 3,333 (up 18%). Booked $245MM (+18% seq) inew recurring revs: annlzd rurate now $877MM (+39% seq). Robust demand; no-pricing pressure; Churat <1.8% annual rate, 80%+ wirate obids. Accelerating capacity build-out: 3 additional IDCs (Internet Data Centers). Increasing Q3/Q4 revs modestly (+$16M). Raising F01 EBITDA and revs to $360MM o$1.8B(+$200MM) irevs. Expect Q4:01 EPS breakevemilestone. - Seth DIGX (NR, $82), GBIX (NR, $33), GBLX (NR, $30), LVLT (NR, $81) - Extremely strong market demand should bode well for other hosting providers .............Anybody got any other analyst reports?