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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: Patrick Sharkey who wrote (25471)	1/9/2000 3:25:00 PM
From: Jay Fisk	Read Replies (2) of 29386

Looks like Herb has updated his comments: ""After the close Friday, trading in Ancor Communications (ANCR:Nasdaq - news) was halted, news pending. An Ancor spokeswoman told us the company will have news Monday morning before the market opens. Will the news be followed by a conference call? "We would rather not disclose that information," the spokeswoman said. Shares in high-flying Ancor, a fibre-channel switch maker, tumbled nearly 20% Friday after Ancor's chief cheerleader, Ashok Kumar of U.S. Bancorp Piper Jaffray, told his company's salesmen that revenue for Ancor's just-completed fourth quarter will miss his estimates. ----------- Ashok clearly wanted his clients out of ANCR before public news was broadcast. Did Sun require re-engineering ? Something fatally non-interoperable ? Are they in last-minute renegotiations on the whole deal ? Not a clue, but a press release, once released by the company to media, can be on the wires in minutes, so the delay in news indicates something that took them by surprise. Isn't America great !

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