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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: iceburg who wrote (11989)	10/30/1997 9:23:00 AM
From: Wayne Pollard	Read Replies (1) of 29386

<<Nice call as always Kerry.>> Kerry, Craig(s), and All, Is it possible that the "presentations" that ANCOR gave to investment firms painted the picture that we know NOW... which has led to the 12->8->??? decline. And... that though most thought these presentations would have "immediate share price impact" it will be "Second Quarter '98 or beyond impact?" The future keeps looking brighter and brighter as the stock price goes lower and lower (amazing phenomenon). It is my "amateur" analysis/feeling that the forward looking earnings projection is an effort to reduce expectations (i.e. "the lawsuit factor")... but THE STREET will most certainly communicate it's dislike today, unless there are "tangible" favorable Press Releases and a positive Conference Call. Just thoughts... VR, Wayne

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