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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

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Aug 24 5:00 PM EST

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To: Madharry who wrote (3642)	3/6/1997 9:22:00 AM
From: Craig Stevenson	of 29386

Armin, I agree with your concerns regarding ANCR management. Some of the gaffes are indefensible. One would think that a move from 40 to 6 and change would convince them to be honest with investors. <g> I don't fault Ancor for the Sequent fiasco from a technical standpoint. All of the information that I have would tend to implicate Emulex (for not handling Class 1 in the first place) or HP (for bugs in their Fibre Channel chips). Management's handling of the Sequent contract cancellation was less than stellar. (The last conference call in which Steve O'Hara explained in detail the integration issues was an exception.) I'm still comfortable with the technical side of things, but I'm not so comfortable with the management side of things. They are going to have to prove that they can deliver. Craig

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