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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: George Dawson who wrote (16901)	6/29/1998 8:02:00 PM
From: THOMAS GOODRICH	Read Replies (1) of 29386

George, Recalling a conversation I had with CEO Ken Hendrickson in Las Vegas last month, when asked about the stock price at just under $6/share, Ken replied $6 is "too cheap". Therefore, I would not be at all surprised if someone bid at $6 and Ancor rejected. Any takeover will likely be from a source we least suspect. So much for those YAHOO rumors! I presume the best bet for the longs at least would be to just hold on and see where it goes. Unless the company is ready to fall over the cliff, I can't see it getting much worse than this.<g> TG

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