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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: Chris O'Connor who wrote (10871)	10/7/1997 8:19:00 AM
From: Craig Stevenson	of 29386

Chris, <<When you blow your horn telling people how superior your product is and then lose a contract to a high profile company like SUN, it does not help the way the market perceives you.>> The thing we need to remember about Sun is that a substantial amount of damage was done by the previous Ancor regime, and that damage will have to be undone by current management. That being said, I still believe that we have a better shot at Sun than we had previously, primarily due to the MKII, and the improved management. Whether that is enough to actually win Sun is anybody's guess. <<I personally want to see a minimum of 4.5 and a reduced cash burn rate after this quarter. If I don't see it, I plan to sell. If that is the case, I plan to exit these boards instead of lurking and taunting people who think ANCR is still a good investment (funny how some people say it stinks but still own it).>> You demonstrate a lot more maturity than we are used to seeing around here. <g> I hope Ancor exceeds your expectations. Craig

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