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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: George Dawson who wrote (13400)	1/1/1998 11:28:00 PM
From: James Bowser	Read Replies (1) of 29386

George - Thanks for providing that link to the Internet Week article on FC. Having followed Ancor for 2 years I see 1998 as the year 1997 was supposed to be. In the last 3 months Ancor has made good progress on the customer front, the management front and has even seen insider buying at prices higher than where the stock is now. It seems to me that Ancor holds 10 times more potential now than it did in May 1996, yet the stock is at 1/10 the price, ($4 versus $40). Management is tempering expectations so they can surprise shareholders on the upside for a change. The trading of the last few days has been indicative of a company about to make a big turn, not a forgotten loved one. That 125,000 share block on Wednesday afternoon set the bottom for now, the stock really started to perk up after that went through. Since it was done with 15 minutes left in the trading day, the market really didn't have time to amply respond to it. It was done at the offer price....somebody really wants to own it at these prices. Good Luck to all.

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