t. mast., Re- to all who have held on through thin and thinner....LOL, What a difference less than 1 yr makes!!!......This is the headline on ANCR's site....
Ancor Communications, Incorporated Sells 2,500,000 Shares Of Common Stock At $27 5/8
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MINNEAPOLIS, AUGUST 19, 1999 - Ancor Communications, Incorporated (Nasdaq-NNM: ANCR) announced today the public offering of 2,500,000 shares of its common stock at $27 5/8 per share. The net proceeds to the Company, which are estimated to be $64,914,000 will be used for working capital and general corporate purposes, including research and development and sales and marketing efforts.
Banc of America Securities LLC led the offering, with Bear, Stearns & Co., Inc., Morgan Keegan & Company, Inc. and John G. Kinnard and Company, Incorporated acting as co-managers. The Company has granted to the underwriters a 30-day option to purchase up to 375,000 additional shares of common stock on the same terms to cover any over-allotments.
Ancor Communications, Inc. provides the GigWorks? family of high-performance Fibre Channel switches for storage and data-intensive
Used to stay awake wondering how ANCR would have to let this and that opportunity pass them by 'cause of no money..........but not ANY more.
A milestone. This funding is the culmination of the efforts of all the folks at ANCR!! Don't stop now. Gonna keep these FC seats for a couple more years, they are nice and comfy now. Not long ago I worked very hard to stay sitting, but now I'm gonna settle back and watch the show.
Do your stuff FC and ANCR.
A successful 2ary in the middle of the annual summer tech swoon!! A high risk move successfully carried out. A+.
The competition with their venture $ probably secretly hoped that ANCR would remain a penurious step-child.
Myself, I think that ANCR will use these $ wisely and precisely to move quickly toward the opportunities that
are there........ |
