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: Kelly Igou who wrote (22990)	6/24/1999 9:21:00 AM
From: iceburg	Read Replies (2) of 29386

Kelly, Do you feel the only reason ANCR is in the 20's is because of BRCD's valuation? I feel it is because they have signed the single largest OEM in the FC world, have signed a slew of other OEMs. I will speculate that there are many more OEMs that are not yet announced. AS for Brocade, I do not forsee the FC bubble bursting for quite some time because the ramp up in FC has not even occurred yet. This FC run could last for another year or two and I don't believe the institutions will let their IPO crash and burn just yet. By keeping BRCD high (and climbing) they can pawn off the little worthless FC companies on the public at a later date. Look at the Internet companies as an example how its done. IMO - if BRCD dips when it becomes marginnable it will be a tactical retreat by the MMs. Then there will be a wicked short squeeze and the MMs will be in control again. To answer your question, IMO Ancor should be valued near BRCD now. I see the gap closing and I do not think the 4x valuation will continue. Either BRCD has to come down or ANCR has to go up. For the good of FC I see ANCR going up. Institutions are not done playing with this industry yet. Steve

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