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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: Eleder2020 who wrote (25092)	12/7/1999 7:02:00 PM
From: Eleder2020	Read Replies (1) of 29386

Ken and Steve were great-Some guy heard me ask for a quote on Ancor and it turned out his broker knows the Ancor management really well - Ken and Steve went right up to them while Blue Circle and I were talking to these guys who finally told us about Intel and a second later came the intro's - Ken basically outlined the deal 2 ways- First what interested Intel was the Ancor Asic and scalability requiremnet could best be handled by Ancor's architecture- The second part of the deal was that Intel did feel that Ancor was a good financial investment and the price/share was picked at some point, because that was Ancor's price when they started or finished talking (Fuzzy on that one) It is a VC type development deal but Ancor get's to keep, own sell and make any and all money made from Infinniband switches. I think alot of it is still sketchy to Ken as this relationship will evolve over time. Intel's interest is to get as many companies developing Infiniband products as quickly as possible and speed up deployment of Infiniband by about 18 months- Now we have to figure the other 20 companies Intel will be investing in.<G> Ken assured all that the switches for Infiniband and FC are complementary and this is a pretty great opportunity for Ancor and admitted that there is not much he can answer about it because it is new territory for them but they were clearly elated. Ken also said -REvs 4th quarter from SUN -Wouldn't say how much and couldn't read whether that is large or small -just REVs- Midwestern poker face- Ramp for SUN begins 1st quarter and then starts vertical ascent 2nd quarter. (MY words and my intrepretation) SUN is fine with added opportunities to expand product line with SUN- FOB-Friends of Brocade are still pushing the line that Ancor is a one product pony with SUN and that product might not exist, might not work and SUN might not go in that direction(pick one of the above when you talk to the Brocade crowd)Anyone will do -I swear I was talking to ar at the break - I'll leave the company name out. You should thank Ken and the Gang for this amazing turnaround- Steve Snyder was a pleasure to talk with and I overheard him explaining the Shareholders plan as well as employee options to BCD -I told him it was a great move to lower the price of the options for the employees when the stock was in the toilet and he thanked us for the support over the years. Later -Ancor presentation, Dataquest forecast(YIKES), SUN talks and carries a big switch too and why they don't like to answer question directly about Ancor but have great things to say about them anyway. Gilder, Gadzoox and a few others. Ken's starts presentationwith big announcement- His daughter had twins that morning-Place cracked up.

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