That makes sense. I smell a quarter plus delay on their ship date which will put their stock back down to pre-buyout levels.

Regarding what it means for Q, HK said they are looking for a 1B OEM license for the new chips, so they'll shop it pretty hard. I don't think they care too much about RDMA and all that other stuff ELX is talking about right now, because HPC has only been 10% or less of the business. And the signals are clear that they are reducing their investment in HPC-centric solutions. If anything the requirements will be driven by clustered cloud computing and mainstream data center architectures, where they already buy FC.