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

To: nic who wrote (12372)11/8/1997 12:03:00 PM
From: KJ. Moy  Respond to of 29386
 
Nic,

<<<Any way I look at it, the Kinnard "buy" does not make sense to me. My theory is that they have no clue, but don't want to err too far on either side - so if their bad numbers turn out right, they can say "told you so" (never mind the "buy"), if Ancor's numbers are much better, they can say "we saw this company had the potential to beat the negative expectations, so we gave it a buy nonetheless".>>>

I think you hit it on the head.



To: nic who wrote (12372)11/8/1997 1:35:00 PM
From: Douglas Nordgren  Read Replies (1) | Respond to of 29386
 
nic, I interpret Kinnard's "buy" as a "long term buy." The downgrade from "strong buy" is Kinnard's capitulation to the current market for fibre channel products. Dain Bosworth downgraded CPCI from "buy" to "neutral" when CPCI preannounced lower 4Q earnings due to sluggish FC deliveries.

"Our fourth quarter started with good momentum but a combination of factors occurred simultaneously that will impact our results this quarter," said Robert H. Kill, Ciprico President and CEO. "Several of our OEM and end user customers delayed orders until next quarter, due to their own product delays and issues around Fibre Channel connectivity. Ciprico's fiscal 1997 will still end with record sales and earnings and we look forward to continued growth in 1998."

CPCI isn't the only FC company dealing with product delays and interoperability issues.

Personally, I would rate the FC industry a "long term buy" or "hold," right now, depending on the company and how deep you're in it or wanna get in it.

IMHO,

Douglas



To: nic who wrote (12372)11/9/1997 7:31:00 AM
From: Earl Jones  Read Replies (1) | Respond to of 29386
 
Theory: Kinnard downgrades to BUY, and in the ensuing selloff, loads up on shares.

I haven't found analysts recommendations to be worth their salt. Quite the contrary, they serve to fleece investors of their money. Just watch how many times an upgrade is announced after a company has already experienced the lion's share of it's run up.

My guess is that Kinnard loading up on ANCR, and will make a killing when they issue an upgrade.

My $.02.

Earl


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