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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST
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To: Paullie who wrote (27455)7/9/2000 10:33:44 PM
From: George Dawson  Read Replies (2) of 29386
 
"If you look at qlgc and its merger with ancr, IMO, this entity should not be viewed as second tier (as the market currently values it.) Therefore, if the market reevaluates its assessment of the qlgc merger with ancr and views it as creating more competition for brcd, then the market may give qlgc a value closer to that of a first tier company.
Which would probably double or triple its current market cap."

Paullie,

You won't get any arguments from me. I think the 90% figure is old news - the current number is unknown but most of us guess it is lower and continue to go lower. The key market factor will be the transition to larger switches where Ancor has the edge. They need to capitalize on that advantage, before Brocade comes out with their director. Another area where Ancor-Qlogic have an edge is the Infiniband area which is heating up.

QLogic is not a second tier company by any objective assessment. They have an incredible string of beating estimates. If anything, I think the 18% or so dilution due to the Ancor take over and the uncertainty of the deal may be an opportunity for Qlogic to be traded at a discount and shorted. This should be a temporary phenomenon.

All IMO,

George D.
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