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

To: Craig Stevenson who wrote (16000)	4/29/1998 10:23:00 PM
From: Alan Aronoff	Read Replies (1) \| Respond to of 29386

<<I believe that Ancor is handling test bed revenue correctly. Some OEMs purchase the product outright, and those revenues are recognized when they occur. Other OEMs want loaner equipment, and Ancor is NOT recognizing those as revenue.>> Craig, Some more on the subject. From Ancor's annual report... (from Note 1 to Financial Statements) <<Revenue Recognition: Revenue on firm customer orders is generally recognized at the time product is shipped or services are provided. Product shipped for customer evaluation is recorded as consigned inventory. In certain circumstances during 1996 and 1995, revenue was recognized upon completion of production under specific contractual arrangements for billing and delivery. The Company provides an allowance for product returns based on management's periodic assessment of the need for such an allowance.>> According to Note 3 to Financial Statements... <<Inventories on December 31, 1997 consisted of Raw Materials... 2,398,066 Finished goods consigned to customers and others... 527,078 Finished goods... 663,500 Reserve for obsolescence... (1,094,922) Total... 2,493,722>> Reserve remains the same through Q1 (?) and Inventories as of March 31 stand at 3,188,521. Of course this number is already stale because we know Ancor has sold 1M gigamathings in April. I wonder just how fast Ancor could(can) ramp production if(when) it had(has) to? BTW. Congrats on having post 16,000. You deserve it! (whatever that means <g>)

To: Craig Stevenson who wrote (16000)	4/29/1998 11:34:00 PM
From: Pigboy	Read Replies (2) \| Respond to of 29386

Craig, << They were kind of vague on the Ancor/NTT relationship, but I got the impression that Ancor's involvement was over, the product exists, and it is up to NTT to actually do something with it. (Under NDA, they couldn't say much, and I'm reading between the lines to get this much.) >> Vague is not strong enough. :-) It seems kinda bizarre to hear Ancor so silent about this. If they aren't making a product or even thinking about it anymore, why did it almost take squeezing them to get them to just say it? I was actually kind of looking forward to hearing about a product (as many here have been, I assume), so I am a bit disappointed. And what's with the new competitor, Vodka Networks? :-) Good questions, btw, Craig. You and Dale were pretty much the whole show. Seems like less people watching, no? The call did seem shorter than all the others I have heard. Craig, are you or anyone else going to be at InterOp in a week? pigboy p.s. Ricky Foggy was the QB back in those close Nebraska days. A good QB and leader can take a little guy very far in a short amount of time. :-) Incidentaly, Ricky introduced Holtz to a guy named Tony Rice, whom he played summer b-ball with in Florida. Three years later, Tony won Holtz a National Championship.