The New QLogic (ANCR) Message Board

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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

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Aug 24 5:00 PM EST

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To: Eric Somers who wrote (26077)	2/10/2000 5:21:00 PM
From: Eleder2020	Read Replies (1) of 29386

It always has been assumed that SUN asked that the warrants be tied to revenues in our discussions here. I'm not sure that that is a correct assumption. It's possible that it was Ken's idea for such a deal in which case the headlines of 100 million tied to warrants would be stronger then an announcement that was SUN taking a 5% equity stake in Ancor. I'll live with the 5% dilution anyday in exchange for our present stock price and alternative dilutive ways of funding Ancor. I was thrilled with the structure of the SUN deal then and thrilled with it now. Ed

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