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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST

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To: Sofa Kingdom who wrote (25536)1/10/2000 6:26:00 PM
From: Eleder2020  Read Replies (1) of 29386
 
>>>>Attempting to dodge the problem or sitting on it until its discovered by others leaves them as reactive and at the mercy of the market.

Sofa -Excellent post- I think this has really been the first time that Ancor has been re-active to the market in the last year. They have gotten the product out, bolstered management, built company infrastructure - done a successful secondary -clean balance sheet.
I think they may have gotten a little complacent because none of the rumors about them have stuck in the last year. They may have forgotten that this wasn't a rumor
(tongue in cheek).
I thought it was a rumor as they have spent 1 1/2 year building up trust with Investors with underpromisinf and overperforming. I've met Ken and I'm sure he was humbled by this experience and he's already a pretty modest guy so I think he will take this episode to heart analyze - note it and make sure it doesn't happen again - Ken's new to this game but his learning curve is good IMHO. I think he moves forward n a positive manner from here.

Ed
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