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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: Craig Stevenson who wrote (12208)	11/3/1997 10:07:00 PM
From: JB	Read Replies (2) of 29386

The next shoe is a positive one. Remember, regardless of the outcome of these class action suits which will become one (which is probably the consolidation of the suits, the other shoe) the people suing want this to be a wealthy company. This is at least a three year duration so short term, it doesn't matter. So what is wrong with this movie. My observation is that the short term investors are being flushed out either by margin or lack of news to support future earnings. It has been the seven days since the stock started generating margin calls and that should have ended today. If I were the top management and new board members, I would be buying bucket loads of this stock if I believed in the stock and the company to do new business. I believe that this is what is happening. I understand that there is a large buyer at this level, The buyer is either top mangement, market maker, or takover specialist.

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