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 Technology Stocks : The New QLogic (ANCR)

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To: Arthur who wrote (14451)2/19/1998 7:59:00 AM
From: nicRead Replies (4) of 29386
 
Arrrgh, I knew it. Well, revenues were as expected, but once again we've thrown in everything but the kitchen sink... 10 cents in special charges! Just how many quarters can you do that and still call them "special"?

Especially disappointing: after we were told Q4'97 was going to be bad because of a large order being pushed into Q1'98, now the story is that it's because a large order was pulled ahead into Q3'97 - no outlook for Q1 presented at all. Well, let's hope for the conference call to provide a forward-looking perspective.

What do people think of the financing? A private placement with the existing holders of series B preferred stock... is that positive or negative?

- nic
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