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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: Eric Somers who wrote (25985)	2/3/2000 4:35:00 PM
From: Greg Hull	Read Replies (1) of 29386

Eric, Thanks for the great write-up of the BofA presentation. I love the Internet. << Warrant sales discount will not hit top line revenue as it is a discount to sales. Discount is also tax deductible>> Not that I doubt this was said, but I can't believe the IRS will let Ancor keep a big wad of cash without getting a slice of it. This does not make sense to me and if really true, is a great loophole that more companies will want to use. The warrants add incentive for SUNW to buy from Ancor, which causes the share price to go up, which increases the tax deductibility of the sales with no loss of cash to Ancor. Can this really be true? <<This was a helpful analogy to me, a non technical person: FC is to SCSI as PCI is to IB (fwiw)>> Could it be FC is to SCSI as IB is to PCI? Once again, thanks Eric for taking the time to fill us in. Greg

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