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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

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Aug 24 5:00 PM EST

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To: A. Henry Marzullo who wrote (13292)	12/22/1997 8:01:00 AM
From: ron javate	Read Replies (3) of 29386

Kinnard had a comment last week re ancr. They called management and they indicated that ancr will not meet Kinnard 4q revenue estimates due to the fact that an order from an oil services company had been pushed out. Management also indicated that they will seek additional financing in Mar/Apr 98. They also mentioned that they there are several oems testing the ancr product. The Kinnard analyst kept it as a buy citing favorable financing terms and oem contracts as the catalysts.

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