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: trendmastr who wrote (24054)	9/10/1999 6:00:00 PM
From: Nine_USA	Read Replies (1) of 29386

I would give the same deal SUNW got to EMC & HWP & IBM & DELL & CPQ & HIT $100 in sales over the next 3 years gets 1.5m warrants on stock at the then current price. If all warrants became vested, Ancor would get minimum $600 in revenues over 3 years and $216m in cash. This would result in 9m share dilution of ANCR common. The $216m in cash assumes the exercise price was $24 so it could well be above $216m were the then current price above $24. Any other ANCR longs feel this would be attractive? Anyone feel BRCD might be inclined to change their presumed attitude about this type of deal structure? Just curious..

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