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: Joe Wagner who wrote (26765)	5/8/2000 12:17:00 PM
From: Mark J. Hardie	Read Replies (1) of 29386

Anyone who knows me knows that I've been pretty patient with this company going all the way back to the spring of 1996. My initial impression is that I think this buyout totally sucks. I don't care about any long-term benefits of being affiliated with QLogic, or imagined synergies or anything else. I bought ANCR, not QLogic. I think the shareholders are getting screwed. I agree with whoever wrote earlier that we should have "dated" a little more before getting taken out, watched the rampup, maybe seen the stock price get a little higher, and then tried to get a nice little premium before doing something like this. Nice to see the market's reaction to the deal, some premium, eh? Mark, not happy today.

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