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

To: George Dawson who wrote (29011)	7/19/2002 12:46:57 AM
From: Greg Hull	Respond to of 29386

George, I hope the negligible difference between pro forma and GAAP is noted. I don't know what accounts for difference besides the SUNW warrants. I suppose I should go back and check how QLGC reported their results prior to the ANCR acquisition. Since the sales incentive to SUNW expires in a couple months, could there be more than $0.01 difference between GAAP and pro forma? At that point is there any advantage to reporting pro forma numbers? I listened to the CC but did not hear anything terribly new that I can think of. They said double digit sequential growth on switches, but no sales figures given. I believe I heard 2 gig HBAs are now 31% of HBA volume, Net Income was 25.1% of sales, and they expect pro forma earnings of $0.23-0.27 / share next quarter. With 3-8% sequential revenue growth, this seems a mite conservative in guidance since they did $0.26 / share this quarter. Oh, I think they also said they do not expect the Fibre Down program to cut into HBA sales, since this expands the market to low end servers. Greg