The New QLogic (ANCR) Message Board

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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: Patrick Sharkey who wrote (24043)	9/10/1999 12:46:00 PM
From: Eleder2020	Read Replies (1) of 29386

>>>To: Craig Siebels who wrote (67466) From: Michael D.Burke Friday, Sep 10 1999 10:40AM ET Reply # of 67480 Craig, I think the warrant deal is great for Ancor. Some of the points the author and the analysts raise are downright silly. Such as, why do they have to give away warrants to sell switches? Because it is a competitive business. Duh! And where else is $100 million in revenues going to be handed to a co. with less than $14 mm. a year going in? Yes, the warrants dilute the revenues. But they don't really cost the co. anything. The stock is sitting in a vault. It costs dilution, but the time to worry about that is after they start making a profit, not before. True, I thought all of this was a better idea when ANCR was selling at $4 and change, but it is the biggest deal in their corporate history and pretty sweet for all concerned. What they should have asked is what happens if Sun dumps the stock?<<<<

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