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Technology Stocks : Computer Network Technology (CMNT) -- Ignore unavailable to you. Want to Upgrade?

To: Neil S who wrote (363)	5/14/1998 3:16:00 PM
From: Craig Stevenson	Respond to of 750

Neil, My sources tell me that CMNT has been pitching themselves to some fund managers over the last couple of days. That could explain the volume. OPUS Development. I remember seeing that name yesterday. Not for long, because I had to make a left (or was that a right) turn. <g> It actually is a nice area, but I can't figure out how you give directions. Left, Right, North, South, East, and West are pretty much useless. The best advice I got was from the receptionist. She said, "Just stay to the right, until you hit 169". <g> I didn't see any geese, but the whole experience reminded me of Gran Prix racing. Nobody seemed to stay in their lanes. Craig

To: Neil S who wrote (363)	5/20/1998 8:10:00 AM
From: Craig Stevenson	Read Replies (2) \| Respond to of 750

Interesting blurb from Reuters this morning: newsalert.com MINNEAPOLIS, May 19 (Reuters) - Computer Network Technology Corp. said Tuesday it expects too achieve 25 percent growth in revenues in 1998 and hopes for a 15 percent operating margin by the end of 1999. "We have established a goal to grow this business at least 25 percent a year, and to improve profitability to a 15 percent return (operating earnings)," President and Chief Executive Officer Thomas Hudson told the annual shareholders meeting. "We will achieve the revenue growth this year. We will not achieve the profit objective this year, but will take a long step towards it by the end of this year," he said. Computer Network, which designs, makes and markets networking hardware and software products, reported a 1997 loss of $2.3 million after charges and revenues of $97.8 million. Late last month, Computer Network reported a 1998 first quarter profit of $369,000 and revenues of $31.2 million. "Our long term financial model is to maintain gross margins of about 60 percent, to continue to grow our revenues faster than our expenses, to result in an operating expense ratio to revenues of 45 percent versus 58 percent today, and to deliver to the operating margin line a 15 return on revenues," Chief Financial Officer Greg Barnum told shareholders. He defined long-term as over the next 18 months. "The short-term goal for the company is to get half way to the goal of a 15 percent operating margin in the fourth quarter this year," he added.