RE: Ancor
Thank you Nick for providing some of Ancor's corporate history. That's an interesting financial situation.
All of us that were Dell investors in our prior portfolios and are Intel shareholders shudder when Kumar's name is mentioned. The Minneapolis, Minnesota based Piper Jaffray is quite near where Ancor is located in Eden Prairie, Minnesota. I believe it was mentioned by somebody that there was no underwriting or connection between the two. Is that correct?
Regardless, Robertson Stephens did do some financing for Brocade and of course one of our book's authors, Paul Johnson, is an important analyst at BancBoston/Robbie Stephens who covers the stock.
None of this stands in the way of the game going on in fiber channel switching, I just mention the tidbit.
There are four brokerage firms that cover both Ancor and Brocade. The rest only cover one or the other.
Ancor is covered by (with 2 strong buys, 4 buys and 1 hold):
Banc of America Securities LLC
Bear Stearns and Company, Incorporated
CO FORECST
J.G. Kinnard and Company
Morgan Keegan and Company, Incorporated
Needham and Company
Suntrust Equitable Securities
US Bancorp Piper Jaffrey
Brocade is covered by (with 3 strong buys, 8 buys and 1 hold):
Bear Stearns and Company, Incorporated
Dain Rauscher Wessels, Incorporated
Deutsche Bank Securities
Morgan Keegan and Company, Incorporated
Morgan Stanley,Dean Witter and Company
Needham and Company
Robertson Stephens
Salomon Smith Barney, Incorporated
S G Cowen Securities Corporation
Soundview Technology Group
Suntrust Equitable Securities
You can visit the web sites of the two fiber channel switch companies at:
ancor.com
brocade.com
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