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

To: Craig Stevenson who wrote (18085)	9/17/1998 6:13:00 PM
From: Neil S	Read Replies (1) \| Respond to of 29386

No Fibre Channel in Adaptec's future: [ or sour EMLX/ QLGC grapes ?] biz.yahoo.com <<Boucher detailed the company's most recent cost-cutting moves, specifically Adaptec's elimination of its satellite networking, external storage and Fibre Channel businesses. ''We built partnerships outside Adaptec to handle these projects. This should enable us to leverage the work we've already accomplished in those areas through minority investments. At the same time, by shifting the work outside, we will reduce operating expenses and increase profitability.'' Though Adaptec has achieved some success in all these arenas, the chief executive said, ''significant markets for these products do not exist as of today, nor in my estimation, will they exist in even the near term.'' In Fibre Channel specifically, Boucher explained his belief that the technology was ''still a long way into the future,'' due to its reliance on storage area networks, NT 5.0, and clustering. In addition, he cited the extraordinary challenges facing Fibre Channel due to interoperability issues and the requirement for companies installing the technology to add infrastructure. >>