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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: Nine_USA who wrote (22867)	6/19/1999 10:19:00 AM
From: Steve Scribe	Read Replies (2) of 29386

If/when Ancor does a secondary they will now collect more money for their coffers ($19 1/2/share) than Brocade did ($19 share) from their IPO. I can see why A Rapport is trying his hardest with every lie imaginable to keep the stock from running even higher. His nightmare scenario (from his perspective as someone with a vested interest in the competition) is unfolding before his eyes. The stock continues to run up to $33 share. Ancor does a secondary for 3 million shares. Then here is the situation for Ancor: A. Ancor has $100 million dollars in the bank. B. They have a 12 to 18 month lead in ASIC technology (per KH). C. They have the money to really beef up their sales and marketing. D. They have 2 tier one OEM's including the largest (SUN). E. They have a good shot 3 or 4 other tier 1 OEM's. F. They have & will continue to load up on Tier II's & III's. G. Ancor later pulls way ahead of Brocade with a 16 port switch on a chip (per KH at the Piper investment conference). The future is looking brighter every day!!! Regards, Steve

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