The New QLogic (ANCR) Message Board

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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: janski who wrote (14112)	2/5/1998 3:12:00 AM
From: Kerry Lee	Read Replies (3) of 29386

<<Still a skeptic. Not an FC skeptic but still an Ancor skeptic. There are still no OEM contracts out there, no independent switch tests showing it is as good as people here would like to believe, the money is running out and no word how it is going to be taken care of. The switch market will eventually develop but it is unclear when and in consequence how much longer Ancor will just tread water at best. >> Janski, as usual, you are absolutely right. You are a genius to be an Ancor skeptic.Your logic is flawless and your research on this company and its competition is so good. Ancor has just had a lousy 4th quarter, Brocade will win ALL the OEM deals, ALL the OEM's are just going crazy for their arbitrated loop which runs like a charm ( according to Brocade press releases )and Ancor can't seem to get their hands on any green stuff to meet the payroll. They are without a doubt, the Rodney Dangerfield of Fibre Channel. I can't argue with your line of thinking. With all the bad news going around, it must be a total shock that the price has almost doubled since Dec 30, especially since it's no secret that Q4 numbers will be ugly. Those "gamblers" who pounced on tax loss selling on Dec 30-31 are just "lucky" to be now sitting on a 97% return after only 35 days. A smart guy like you should go with your instinct and intelligence and take your profits now before it's too late. Better yet. SHORT IT. Think of ANCR as another NUKO. You can make an easy 7 points when they go bankrupt/get de-listed. Just short 10 pounds and you will make an easy 70 grand. Easy money.

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