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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST
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To: MrBuzz who wrote (14567)2/20/1998 9:47:00 AM
From: trendmastr  Read Replies (1) of 29386
 
Stupid questions maybe, but what the heck....

I've been optimistic since the cc but somehow seeing the amounts of money that Gadzoox and Brocade have been able to raise makes me wonder about the amount that ANCR has raised. Is the $8.5 - $11 million series c figure that was disclosed in that range because that's all management feels they need to compete or are there other reasons for raising just that amount? Also, I wonder if the $6 million that Brocade is cited as earning would still be $6 million if Brocade is publicly held. Finally, has anyone heard any rumors lately as to when Brocade is expected to go public?

<<<Gadzoox will generate more than $30 million in
revenues over the next year and has raised $21.5 million from
NEA, Onset, private investors, and Seagate Technology.

Brocade, which makesFibre Channel switches, earned $6 million in the quarter thatended in October, only the third quarter in which it has beenshipping. Weiss, Peck & Greer recently led a $20 million
mezzanine round for the company. Other investors include
Crosspoint Venture Partners; Mohr, Davidow Ventures;
Norwest Venture Capital; LSI Logic; Andy Bechtolsheim; and
others." >>>>

Thanks for any responses.
tm
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