The New QLogic (ANCR) Message Board

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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: Bob Frasca who wrote (26051)	2/9/2000 1:51:00 AM
From: Eric Somers	Read Replies (2) of 29386

I don't want to beat a dead horse, and believe me, this horse is dead, but I can't agree. If you take to identical companies, and one sells the shares to SUN at $7.30 per share last May and banks the money, and the other one issues warrants as ANCR did, and they both sell the same amount fo product, the one that sold the stock and has better GAAP earnings is the one that I would invest in (and that I would argue would be valued at a higher level). This was a relevant issue to institutional investors at the BofA conference. Hindsight is 20/20, but I think ANCR would have been better off with an INTC style investment than the SUN warrants. Eric

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