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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

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Aug 24 5:00 PM EST

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To: peter grossman who wrote (12513)	11/19/1997 3:07:00 PM
From: Nine_USA	Read Replies (1) of 29386

Peter Grossman wrote: Read today that Brocade received $16+ M venture capital in Q3 IF a VC firm paid $16m to get 13 percent of Brocade, that is consistent with a $123m valuation. Compare this to the ANCR Q1 Reg D where $8.85m was paid to get about 15 percent of the resultant Ancor common with significant warrants thrown in. Brocade: 16m gets 13% ownership of common; Ancor: 8.9m gets 15% ownership of common plus valuable warrants. Nice for the sheik.

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