<<Kerry, I had my eyes brimming with tears for a while as I read through your post.>>
Were you peeling onions and surfing the Internet at the same time or were you recalling your losses on NUKO?
<< Why have I ever dared to question Ancor and, most
importantly, as a consequence your predictions? I was almost ready
to quit halfway and immediately write back a public apology and
beg for forgiveness. But I read on. And I am glad I did. As it turned out
you have once again designed your tirade to show your superiority
and fulfill your narcissistic cravings. >>
I have no problem with sincere people who ask challenging questions about the Company based on facts/analysis .Especially people who take their own initiative to call Mgmt themselves, call the analyst(s), talk to industry people, talk to others on the thread via phone, etc..
If they are unsatisfied with the answers or lack thereof, then the logical next step would be to sell or short. After a certain point in time, most astute investors or traders have to make a decision and hold ( realizing the risks/upside ), buy more ( increasing their exposure ), take their losses and sell or go short to recover their losses if they feel the stock's headed lower.
But to hold onto a position with little/no conviction/belief in a company ( market, products, mgmt ) while constantly complaining ,
offering only snide remarks and little/no information or analysis in return, one has to question why that person is wasting their time and money on such a "looser" like "Ancorpse".
Janksi, once again you have skillfully attempted to sidestep the questions I asked you and you demonstrate a knack for asking questions but never answering questions thrown back at you. As far as "narcissism", if you are going to make an all-encompassing accusation about me "being wrong all the time", then I am compelled to give the thread a balanced account of my calls, which is a subject that YOU brought up, not me.
Once again I ask you, what is your recommendation on ANCR ( BUY, SELL, HOLD, SHORT ) based on the following:
1. Lousy history of delivering sales/profits and no foreseeable improvement at least until the second half '98. Q4 '97 is forecasted by Kinnard to be only $1 million in revenues. More reserves/write-offs to come???
2. Shareholder lawsuit hanging over their heads
3. Brocade having the superior PR, getting all the press and all the OEM deals to-date ( SQNT, DEC, Prisa, McData...)
4. New mgmt unproven at ANCR, especially the ones with backgrounds at Cray, a "looser" of a company.
5. The Saudi Prince doubled his money while drivng down the stock price and left the rest of the shareholders holding the bag.
6. Cash running out and no news on financing with year end results/audit only a month away..outcome is either further dilution or another qualified opinion by auditor..Another Reg D is not entirely out of the question . What's next? bankruptcy? de-listing ?
7. Brocade has an impressive war chest of $20 million cash, not to mention a who's who list of VC support and investment bankers on their knees begging to do their IPO.
8. Brocade has the co-founders of Sun, Bill Joy and Andy Bechtolsheim as key investors on their side, not to mention the advantage of being in Silicon Valley while Ancor is stuck in the frozen tundra of Funcoland.
9. Fibre Channel has been slow to be adopted over competing technologies in Storage ( SCSI, Ultra-SCSI ) and the LAN ( ATM, FDDI, Gigabit Ethernet ). ANCR announcements with BULL, Boeing, Geoquest, Amoco, Litton have not resulted in any meaningful revenues to-date..
10. MKII has generated zero sales to-date and they have had the wrong buffer size for the Storage OEM market.
Janski, do you agree with all the bad news as listed above? Please answer the question. Now that you have all the "facts", what's your informed opinion of ANCR???? |
