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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: MangoBoy who wrote (24022)	9/10/1999 8:58:00 AM
From: George Dawson	Read Replies (1) of 29386

This is typical provocative journalism - a blending of facts, quotes, rhetorical questions and SEC boilerplate to suggest that somehow this is news. Let's face it - Ancor investors have known the details of this for months now. There is nothing said here by Steve Snyder or George Reyas to suggest any problems. The dilutive aspects of the warrants are well known and as I pointed out in my previous response to Mr. Greenberg are not as great as other potential dilution according to my reading of the SEC document. It looks like Sun uses this type of financing deal quite often - which was the only interesting part of the article to me. It is clearly in Sun's interest to use their business strengths to leverage these deals. In fact, it would have been interesting to see some investigative journalism on the pacts with the other 100 business partners. All things being equal, in order to get the business - you have to strike a deal. That deal is often a complex negotiation where the outcome for each partner can only be determined over time. For Ancor, that is basically unchanged at this time, regardless of what the WSJ or thestreet.com says. George D.

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