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: Craig Stevenson who wrote (11977)	10/30/1997 8:28:00 AM
From: ron javate	Read Replies (2) \| Respond to of 29386

The one thing that surprised me by what Ken said was that he expected 4th quarter revenues to be lower than 3rd quarter. Was he managing expectations? I do not feel that this is a wise move and this statement will hurt the stock this morning.

To: Craig Stevenson who wrote (11977)	10/30/1997 8:37:00 AM
From: John E. Mansfield	Read Replies (1) \| Respond to of 29386

Craig, I am betting the oil company is Amoco. They tossed Fore out with an ATM implementation and have been looking for a substitute.

To: Craig Stevenson who wrote (11977)	10/30/1997 8:38:00 AM
From: Kerry Lee	Read Replies (1) \| Respond to of 29386

<<Well, it looks like you were right about the write-offs. Any idea which adapters they are writing off?>> I would only be guessing..perhaps IBM microchannel, Mac??? <<It is a record revenue number, but they missed the Kinnard estimate by a little bit. I'm surprised by the extent of the loss, even after backing out the special charges. (-.23 +.08 = -.15) That's an improvement, but not much.>> Actually, the sales number did exceed the $3.5 million before taking the $150,000 reserve for product return..my guess is another reseller who was unsuccessful in selling their initial stocking order. <<What are your thoughts on the $250,000 severance package? Is that all of it, or will there be more?>> Probably O Hara's 2 year salary as per his employment contract. No idea of future severences. <<I noticed that Ken said, "...the company delivered an order of GigWorks Fibre Channel switches to a major oil company for use in geo-seismic modeling application." I hope they expand on this during the conference call. It would be interesting to know who this was, and what kind of potential was there. We have heard oil-patch rumblings here for quite a while, but no names have been attached.>> Maybe there will be news around SEG??? <<Any thoughts on what Ken meant when he said, "...the timing of orders and shipments will result in revenues varying from quarter to quarter."? Could this mean that there are orders there that haven't shipped yet?>> There is a VERY LARGE order which should either ship Q4 or Q1 98. My info suggests that the uncertainty is not IF but WHEN. I think they are suggesting the worst case scenerio, which again relates to my point about lowering expectations and the overhang of the lawsuit.