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: Eric Somers who wrote (26005)	2/6/2000 5:41:00 PM
From: George Dawson	Read Replies (1) of 29386

St. Paul Pioneer Press- Sunday February 6, 2000: Interesting information box superimposed on the following article: pioneerplanet.com You won't find it on the web site article. In fact, you won't even see Ancor mentioned, but on page 5D of the hard copy, looks like Fidelity Investments bought to a max of 12.4% of the outstanding shares. Then they sold to 7.2% last fall. Between then and now they have bought again and now own 11.2% or 3.1M shares. In related matter, it seems to me that selling 5% of the float, combined with the short attack easily explains the price drop. Ancor is certainly no PR machine, but the lack of news and the analysts' estimate revisions all seem less important than the people with the big money moving the price. George D.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next