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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: The Freep who wrote (23818)	8/19/1999 4:09:00 PM
From: Alan Bershtein	Read Replies (2) of 29386

Can anyone help explain the gross spread, selling concession and reallowance. (I think I got the delivery part) Please explain as though I were a 2nd grader. TIA 19 Aug 9:39 NEW YORK (Dow Jones)--An offering of 2.5 million common shares of Ancor Communications Inc. (ANCR) was priced at $27.625 each through underwriters led by Banc of America Securities. Gross spread is $1.52, selling concession is 86 cents and reallowance is 10 cents. Delivery is scheduled for Aug. 24. Proceeds from the offering are expected to be used for working capital and general corporate purposes. (END) DOW JONES NEWS 08-19-99 09:39 AM

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