The New QLogic (ANCR) Message Board

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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: Andrew Kruh who wrote (25672)	1/19/2000 6:25:00 PM
From: THOMAS GOODRICH	Read Replies (1) of 29386

ANCR is in a tailspin now, however I don't think it's going to last! We've seen this erratic behavior in the past and it's correct, the fundamentals have not changed. In actuality, with the exception of Quarter 4 earnings, the outlook for this company continues to improve. There is a major disparity between BRCD which is valued at several billion dollars and ANCR which is probably now well below $500 million dollars. There is very high probability Ancor will gain considerable market share this year and the stock price will go well beyond the $94 high of last month. It's very unfortunate for the folks who bought in high chasing the stock up and then running for the exits after a horrendous loss, but this is what the average investor does! Is BRCD vulnerable? No one can predict anything like that, but what justifies an $8 billion dollar valuation over there? Best advice is stay the course with this one.

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