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

To: Craig Stevenson who wrote (17173)	7/11/1998 7:51:00 AM
From: Miles Brandon	Read Replies (1) \| Respond to of 29386

Craig, It seems as though the shift is taking place, although it is taking too long to happen. Net Sales. Net sales for the first quarter 1998 decreased by approximately $761,000 (42%) from 1997 to $1,042,227. This decrease in net sales is due primarily to a significant decrease in net sales to the Company's Japanese distributor, Hucom, Inc., whose implementation of product was delayed. International net sales in the first quarter decreased from approximately $1,501,000 in 1997 to approximately $657,000 in 1998, representing 63% of net sales to all customers for the first quarter of 1998. Domestic sales volume in the three month period ending March 31, 1998, increased by 28% from the similar period in 1997, as the Company recorded a large sale in the domestic high-speed data backup market. Miles