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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: Eleder2020 who wrote (20092)	1/13/1999 7:24:00 AM
From: Craig Stevenson	of 29386

Ed, Yes, the furnace problems are in our new (20-year old) house. Why do 20-year old houses have 20-year old furnaces? <g> It isn't that we are without heat, but the furnace has a small gas leak, so I don't trust it when I'm not there to monitor it. The replacement is on the way, but it has been on the way for a couple of weeks now. <g> <<So do you now have a re-entry point for Ancor where you would consider buying again?>> If it wasn't for AR's buyout rumor yesterday, I would have been in again at $5. <g> Because of the dilution, (and seeing ANCR at $1) I want to be VERY careful about an entry point. If my calculations are correct, ANCR's market capitalization now exceeds what it was prior to the Sun announcement. (Indicating to me that the current price includes one tier 1 OEM.) My biggest concern isn't Ancor at all, since I think they have clearly demonstrated that they have turned the corner. I'm worried about the overall market. This bubble has to burst at some point, and I don't want to be there when it does. (I was watching CNBC when Elaine Garzarelli called the market top a couple of years ago, and it wasn't pretty.) Craig

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