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: Nine_USA who wrote (26769)	5/8/2000 4:33:00 PM
From: Zeev Hed	Read Replies (1) of 29386

Herb, not exactly a floorless. The only "advantage" QLGC would have from a lower price is taking less goodwill on their balance sheet and also recording a smaller loss if they take some part of the goodwill as "writeoffs". Frankly, weighing these "benefits" against losing a big chunk of its marker cap (which is the currency with which QLGC will have to do additional acquisitions), is not in QLGC's interest. I think that the market was looking at $1.7 B vs maybe some $50 MM plus in sales and decided to sell the stock. I am taking this opportunity to buy some QLGC right at these and lower prices when these come in. Zeev

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