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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: J Fieb who wrote (23947)9/2/1999 12:21:00 PM
From: Boonear Siangchin  Read Replies (1) of 29386
 
Be careful when dealing with INTEL or they will eat you up.
Look at " CHIP & TECHNOLOGY COMPANY ". They made flat screen products. They had sequencially good earnings for quarters
before INTEL swallowed then up.
The CHIP & TECHNOLOGY CEO got rich through the deal. The share holders got the shaft.
The stock peaked at around $27 ( if I remember correctly ).
They took it down to $7 - $8 and stayed at around $11 - $13 for along while ( with good earnings ) with INTEL dealing in the back ground. Almost suddenly, INTEL offerred $17.50 per
share. That is the end of the story. Please check it out.
I would not like to see this happen to ANCR.
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