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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: Chris O'Connor who wrote (12037)10/30/1997 4:43:00 PM
From: Dean Wilson  Read Replies (2) of 29386
 
Chris,

I agree with your "ZERO" commentary, but concerning this statement:

"The next quarter will not be as strong as this one."

I would note that Ken was very consistent in using the phrase that they "currently expect" a revenue slow down in the fourth quarter, which is not the same as Ancor promising a revenue slow down. Who knows?

And who knows but that new management wouldn't mind buying into the company on the open market at a low, low price? Another motive to not overstate, but maybe even understate the current state of affairs at Ancor? Who knows?

But don't get me wrong. I believe that Ancor is not in good shape. It's obvious that Ancor has misstepped in the past and I've alluded to this before but when the old CEO says statements like 'we're not seceding the storage market to anyone' and 'we're coming out with the right products at the right time', investors are led to believe that there will be an immediate demand for the more storage-focused MKII. That's just not the case.

Allocating the resources for the MKII wasn't Ken's idea. Who knows? Had he been with Ancor from the get go, maybe Ancor would have dabbled in the hub market (Vixel's 100 million hub OEM with Compaq looks pretty good right now, eh?)

Good luck.

Dean

Still Long
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