The New QLogic (ANCR) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RJP who wrote (12019)	10/30/1997 3:32:00 PM
From: Bob Richmann	Read Replies (4) of 29386

Ditto to you & Michael. I sold out most of my position in ANCR at 6 5/8 this morning. Listened to the entire conference call and there was very little positive in it. I think they would have been infinitely better off if they hadn't told everyone they booked $2.8 million in orders in July. That leaves $6-700,000 for August & September combined. At that clip they could come in with $1,000,000 in revenue for 4th Q, which would devastate the stock. The warning of additional fundraising is also pretty ugly. I think in the best case scenario ANCR is dead money till the next report. Will continue to follow ANCR and actually hold some in IRA's that's probably not enough to be worth selling. Best of luck to all & appreciate the excellent flow of information on this board.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next