The New QLogic (ANCR) Message Board

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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: John Curtis who wrote (12709)	11/29/1997 6:07:00 PM
From: THOMAS GOODRICH	Read Replies (1) of 29386

John, I sincerely hope that you and Pigboy are correct with your predictions for early 1998. I was just being very conservative in suggesting that we should not expect miracles for either Ancor or Fibre Channel until later next year and beyond when FC products become more mainstream. IMO, serious money will not flow into ANCR until the company can demonstrate a pattern of earnings growth. I have no problem however, holding and accumulating the stock at this depressed level. I just feel that investors loading up now with the intention of a big burst in the next couple of months may be setting themselves up for disappointment. Given the erratic trading history of this stock, it would be naive to assume announcements of new OEM contracts etc. will be sufficient to propel the share price upward for any sustainable period of time. Let's just hope there will be announcements and that insiders including employees are buying. Tom Goodrich

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