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: JOE 6PACK who wrote (13633)	1/13/1998 7:45:00 PM
From: Andrew	Read Replies (2) of 29386

People sure get nasty when they lose money in the stock market! Well I'm down on this one too, but I guess I'll have to admit to being too stupid to sell yet. People who now seem to hate Ancor keep saying "they haven't sold a switch". Well gee, it hasn't been available to sell yet. I'd be a little perturbed if they started counting sales of MK II's that haven't shipped yet! The CEO told everyone plain as day that the 4th quarter was going to be ugly. This is old news. The Fibre Channel market is only now hitting critical mass, and it appears obvious that some companies are going to start doing real business soon. Ancor arrived at the party too early, and has paid for the technological lead by losing money. Not exactly an unusual situation. But here we are, with the party ramping up to full swing. People may actually start to want good FC switches. Ancor has good FC switches to sell. In my opinion, you can't slam a company for not selling when there are no buyers. If Brocade sells tons of ports in 98, and Ancor doesn't, they'll have failed the test. But there hasn't been a test yet! This company is gambling it's future on it's ability to sell FC switches. If you buy stock in it, you are gambling too. You're gambling that there will be a market for FC switches someday. And you're gambling that Ancor will succeed in that market. But it's ridiculous to call them a failure. There hasn't been a market yet. And the CEO is not responsible for "supporting the stock price" for short term speculators. The CEO is responsible for building the business. They've told us that they believe they will succeed. It's too soon to say they haven't. Sure they need to work on building mindshare in the trade magazines. Sure the Sequent deal was a tough loss. Sure they need to obtain financing in a way that doesn't hurt long term shareholders too much. These are valid concerns. Young companies that create innovative products often struggle until people find a use for them. I'm gambling my money that Ancor will survive long enough to benefit from being in it from the beginning. Pass the hallucinogens, please. Andrew

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