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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: THOMAS GOODRICH who wrote (23185)	7/4/1999 4:49:00 PM
From: George Dawson	Read Replies (2) of 29386

"It sounds as though Ancor's management team are no longer inept.<g> What's going on here? They seem to be in the rink warmed up and ready to box. Could Jesse Ventura have joined Ancor's Board of Directors?<g> Tom, You may be right. I heard they were going to start off the next shareholders' meeting with a resounding, "Booyah". Also the CEO is no longer going to be saying: "The first lap of a 20 lap race." Instead he will be saying: "In order to be the man, you have got to beat the man". On the serious side, it is always interesting how stock price biases investors in their evaluation of management. On the long term basis that may have some degree of merit. I always remind myself that the current speculative bubble means there are many more people betting with us on the success of the company. On the other hand, I find that I never give the president (no matter who he is) any credit for how well or poorly the U.S. economy is. For the past two years, Ancor management has been doing a fine job - and as far as I can tell making all the right moves. Happy Fourth. George

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