Greg,
Just fine. The shock of being out of ANCR when it roared off has slowly worn off. (The relief of not being in ANCR when it got cut by almost 2/3 has also helped. <g>) There is way too much manipulation for my taste, on both sides.
The Yahoo board has become an absolute cess pool, with unadulterated hype on both sides. It is interesting to find out now that many of the rabid longs weren't buying at 30, 40, 50, 60, 70, 80, or 90. They had all bought in the single digits, but were trying to convince EVERYONE ELSE to buy up high. That's hype in its worst form. I'm sure a lot of people got killed. (Again.) When will Ancor and its investors learn. Underpromise and overdeliver, not the other way around.
I think even Ed Schultz would grant me that I was one of the first ones to suggest that Ancor investors should concentrate less on the technology and more on the BUSINESS ASPECTS of the company. Unfortunately, nobody wants to talk about that. I even broke down a few months back and posted some questions on Yahoo about the potential impact of the Sun warrants. They accused me of being a short, and probably buried me on boot hill! (Boot hill was actually pretty funny. <g>)
It is truly unfortunate that there isn't more relevant and civil discussion about the ISSUES facing Ancor. Am I the only one who sees Brocade as an 800-pound gorilla? Am I the only one who is concerned that Gadzoox shipped more SAN switches in the just completed quarter than Ancor? (Back out the Boeing revenue from Ancor.) Am I the only one who sees some danger in the increasing employee count and increases in R&D without a corresponding increase in revenue? Am I the only one who is concerned by Greg Reyes' recent comments on ON24.COM that Brocade has won every contract it has competed for? Am I the only one who is concerned because the SUNW ramp keeps getting pushed out? None of these questions imply that Ancor can't or won't succeed, but a discussion of these issues would certainly seem to be important. Unfortunately, anybody who brings up ANY of these issues is immediately labeled a short. That's not good investing, in my opinion, and that is why I have simply stayed away from the stock.
Fibre Channel has certainly played out as I suspected it would, although it happened much later than I expected. I think in the long term there will be many winners, and Ancor will likely be among them. In the short term, it's anybody's guess. There are a lot of high-powered people, on both sides, interested in ANCR.
Craig |
