The New QLogic (ANCR) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kawailani who wrote (25528)	1/10/2000 1:37:00 PM
From: George Dawson	Read Replies (5) of 29386

You are placing far too much responsibility for price fluctuations on the company. We are after all talking about a speculative high tech company that has not turned a profit yet. Most of those surprising ups and downs are related to the financial side of the equation, meaning moves made by market makers, fund managers, shorts, and longs. The most devastating price decrease to the $1.00 range was not predicted by anyone, and it took us a while to figure out what was going on. That price decrease occurred because of fund managers exploiting Ancor's need at the time for high risk financing and shorting the stock. Management's task here is not to smooth stock price fluctuations. In fact, the less attention they pay to the stock price the happier I am - as long as they deliver on the ramping switch sales and the technology. That is ALL that matters at this time. Maybe Ancor IR should just have an answering machine saying: "If you are calling about a rumor you heard on the internet - please ignore it". If they did have some additional time and energy to devote - I would like to see some documented demonstrations of Ancor scalability with some of their partners. George D.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next