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: JB who wrote (13138)	12/15/1997 5:28:00 PM
From: THOMAS GOODRICH	Read Replies (1) of 29386

It's hard to say if the stock has solidly bottomed-out at 4 5/8. But, you should rest assured it's a hell of a lot closer to the bottom than it is to the top <g>! I accumulated more shares today. BTW, regardless of any specific OEM announcements likely to occur, (or not occur)class action certifications or whatever, I really do not foresee much risk at this level. Obviously no meaningful news, Asia concerns and tax-loss selling has taken its toll on ANCR and the other networkers, particularly small caps. As to the BUY signal, Dain-Bosworth states buy above $5 1/2 and has placed a 3 month target price of $10+. Also it isn't likely that any specific OEM deal will make or break this company. Ancor is strong, holds a considerable lead in the technology and the potential markets for its products are substantial. Tom Goodrich

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