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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: jim g. who wrote (16886)	6/29/1998 3:34:00 PM
From: Nine_USA	Read Replies (1) of 29386

Could be IBM selling, or If the terms of the last preferred funding permit that investor to convert now (or soon) to common, selling to help get the price lower in order to convert $11.5m around $3 a share would get 3,833,333 shares. This would be about 24% of the total common. Just guessing ..

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