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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: Bradley W. Price who wrote (12742)12/1/1997 1:55:00 AM
From: Kerry Lee  Read Replies (1) of 29386
 
I wonder how much money Brocade has raised since its inception and the current total number of outstanding shares after this latest round of financing? If Brocade were a public company already, would the kneejerk reactionary retail investors be so vocal about shareholder dilution?

At some point in the next 3-6 months assuming a successful Brocade IPO, it is conceivable that the Ancor's Market Valuation as a pure FC play will catch up to the sector valuations with revenues discounted forward by 12-24 months. For example, Netspeak ( NSPK ) was one of the sorriest, dead money IPO's for most of the summer until one of their competitors, Vocal Tec ( VOCTLF )signed a multimillion dollar deal with one of the telecoms and Vocal Tec's stock price more than doubled. Within 1 week, Netspeak started to move and has tripled in value since the Vocal Tec deal. NSPK now has a $200 million+ market cap in a much more speculative market ( Internet telephony is subject to future tariff uncertainty )and has no immediate prospects for profitability. The last time I checked, NSPK did around a million dollars in quarterly revenues. I remember owning NSPK at $8 and bailing out on boredom and frustration..then I kept waiting for a pullback from $14 whcih never came and it has rarely dropped below 20 in the past 2 months. Needless to say NSPK was the fish that got away.
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