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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: KJ. Moy who wrote (23422)	7/19/1999 9:33:00 PM
From: Kerry Lee	Read Replies (1) of 29386

GADZOOX IPO FAVORABLY HYPED ON NBR: Paul Kangas had a segment on tonight's Nightly Business Report ( PBS )on the IPO market. He interviewed Scott Reeves, senior IPO correspondent of Bridge News...I observed several key points from the interview: 1. Reeves expects IPO market to remain hot/strong 2. He predicts THE hottest IPO this week ( tomorrow ) will be MP3.COM, followed by Gadzoox ( ZOOX )..I believe the words that he or Kangas used to describe ZOOX was a "screamer". ROFLMAO. 3. The Bridge News IPO analyst and presumably the majority of Wall Street is totally ignorant of "Fibre Channel"/"Storage Area Networks", eg, he described Gadzoox as having special technology to store data "anywhere on the Internet" to which Kangas replied "another hot internet stock" ( or something to that effect ). No mention of FC/SAN. In other words, the ZOOX story is being spread around as an "InterNUT" play and if this is true, what do people think the Wall St spin on ANCR follow-on offering will be??? ROFLMAO 4. Reeves advised investors to wait ( 1-2 months?? )before jumping in on hot IPO's.

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