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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: Jay Quinty who wrote (12001)10/30/1997 10:24:00 AM
From: Michael H. Dragon  Read Replies (1) of 29386
 
Jay, Unfortunately I see no reason to own ANCR at this time I took the loss and sold at 6 1/2,will look to get back in somewhere down the road at considerably less.With the writedowns again and charges I forsee another round of trying to raise cash.I remember the Sequent deal and they said they needed x amount of cash just so a company like Sequent would deal with them, well they no longer have the cash and with the amount of preferred already converted it does't look like
they'll obtain too much funding from warrants. Good Luck to all, Mike
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