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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST

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To: iceburg who wrote (22991)6/24/1999 12:08:00 PM
From: Kelly Igou  Read Replies (3) of 29386
 
No, Ice, but it's probably the main reason.

Without the BRCD IPO performing as it has, I see ANCR as a mid-teens stock.

Look where they initially priced the BRCD IPO.

I guess my gut feel is that at some point there's going to be a reconning for some of these high-flying IPO's, and, as ANCR was swept up, BRCD and ANCR will be swept back to more realistic levels.
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