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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST
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To: Pigboy who wrote (16343)5/21/1998 9:02:00 AM
From: Eleder2020  Read Replies (1) of 29386
 
Greg, George, and Ronald,

Thanks for the excellent effort along with Craig S.' visit to Ancor last week. Seems like their was a consensus among you that this is a management team and corporate structure that has at least put Ancor in a position to succeed. We would all like to see revenues today but until the product and the FC industry is in full tilt,this seems unrealistic, to those not happy with the numbers and thus the speculating will go on which makes the ANCR board a great discussion place.
As far as the BOD goes. It would be great to see them buy into the company but some of these guys belong to multiple BOD's and don't feel obligated to own stock in every company they sit on the board.
ANCR just might benefit more from the expertise, contacts and consulting from these members, then the financial compensation that ANCR pays them.I have to admit that I really don't know what their compensation is but will try to find out today. Somehow, I doubt they are getting rich sitting on the ANCR board. To me the more relevant question is ANCR getting good value in what they pay for in Board members. Much more interested in having ANCR management add to their positions and in some cases initiate a position in addition to their options.
Craig S. - Your opinion of what is a fair valuation for ANCR sits in Cal's Corner. Your opinion is that ANCR is worth about 100 million today.I think the closer we get to FC OEM's and the size of the FC industry becomes clear, that valuation will head north. 3rd quarter for 1998 only about 40 days away.

thanks guys, Ed
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