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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: Kerry Lee who wrote (26693)	5/3/2000 7:57:00 AM
From: Nine_USA	Read Replies (1) of 29386

<<Actually, I find it interesting that Andy B was the single largest BRCD shareholder with approx 5% of BRCD stock pre-IPO. Unlike Seth Neiman and Greg Reyes, to my recollection, I have not seen any sales from Andy B. This suggests he owns approx 20 million shares of BRCD ( forgive me if I'm too lazy to dig into the SEC filings to find exact numbers )which equates to $2.5 billion in BRCD stock. In other words, his personal stake in Fibre Channel is worth more than what he sold his Gigabit Ethernet company Granite Systems to CSCO for in 1996>> According to Yahoo, Brocade now has 108.5m shares outstanding, worth $13.76b this morning. Andy's 5% BRCD holding would be worth $685m, not $2.5b. This $685m is still more than what he got for Granite.

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