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Technology Stocks : The New QLogic (ANCR)

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Aug 24 5:00 PM EST

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To: JB who wrote (13126)	12/12/1997 10:58:00 AM
From: Ken Turetzky	Read Replies (2) of 29386

INVESTEXT REPORT: Ancor Communications 11/03/97, JOHN G. KINNARD & CO. Investext Abstracts via Dow Jones COMPANY REPORT - number 2635591 By Mcevoy, F., et al Estimated Investext information units for report: 6.9 Words: 941 Despite lowered expectations, Ancor posted record revenue this quarter and showed excellent sequential and year-over-year growth. Evaluation units of Ancor's new MKII switch have shipped. Production units will be ready in the first quarter of fiscal 1998. The MKII provides features attractive to the high-end storage and networking markets, such as support for switched Fibre Channel arbitrated loop. With the addition of new CFO, Steven Snyder, in early October, Ancor has solidified its management team. Ancor added CEO and Chairman Ken Hendrickson in August and promoted Cal Nelson to President in April. Ancor also strengthened its board with the addition of Amyl Ahola, President and COO of TeraStor, and Paul Lidsky, President and CEO of Onelink.

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