Pat,
Sorry I haven't had a chance to post more. A few ANCR-assisted financial concerns and a sick child have pretty much taken up my time. When it rains, it pours...
I mostly agree with your assessment of management's performance although there is one difference this time around. This was a contract they clearly wanted (and needed). This was the first time they had the whole package. New management, new sales team, and the new switch going head to head with the competition. Maybe Ancor never had a chance at Sun in the first place, as others have stated, but if that were true, why bother? It seems like they must have thought that their chances were pretty good to even go through all that effort.
Granted it is still fairly early in the Fibre Channel storage game for the entire new team, but a big loss is still a big loss. Although the skeptics haven't chimed in yet, I will grant them that THIS TIME, as opposed to some of the other times, it is tough to make excuses. All the pieces were in place this time. I'm with KJ on this one. Still a believer, but VERY CAUTIOUS.
I do wish that Ancor could give more details on exactly what happened with Sun. Was it a technical problem, or a political one, or something else?
I guess it all comes back down to valuation. What is ANCR worth without SUNW? As Alan and others have said, there has been money to be made trading ANCR. I only wish at some point there would be money to be made INVESTING in ANCR.
Craig |
