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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: Kerry Lee who wrote (12835)12/3/1997 12:21:00 AM
From: janski  Read Replies (3) of 29386
 
Kerry, I remember your warnings about Nuko very well and you were
right about them. So? Anyway, regarding my Ancor reservations:
I do not believe anything management of this company says they are
doing untill I see results. It was Cal Nelson who during the Q2
conference call made it look like Ancor was about to have just about
a profitable Q3. That was after an 'honest proclamation' that they
will 'show us the money' and any hype is forever gone. Nothing different about what he did and Steve O. claiming at one time to
have first profitable Q in Q4 of 96(I think he said that on CNBC).
I am not even saying he(Cal) did it deliberatly although I do consider
it a possibility. If he miscalculated then he is simply incompetent.
How am I supposed to trust that their OEM efforts are going to ever
come to fruition? You are telling me that it is all going on at the
level of decision makers and it is none of my business. It doesn't
matter that Brocade is getting all the press and publicity because
the people making the decisions don't care about it and Ancor's
product is superior so it will be bought. Isn't that what Steve O.
once said in his CNBC interview? In the meantime, the money is
running out and more dilution is coming. I wouldn't mind it if it was
to ramp up production to satisfy customer's demand. It will again
be needed to simply pay these folks salaries while we wait.

And all the while the board members continue to unload their shares.

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