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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: Patrick Sharkey who wrote (17319)	7/23/1998 2:56:00 PM
From: Amy Feller	Read Replies (1) of 29386

I too have listened to the conference call. While I have no holding anymore (got out for tax reasons last year) I'm still very much interested in Ancor's future. Because I have no holding, I found I had no emotion attached to Ancor as I listened to the call and the Q&A session. With that said, and at the risk of being flamed, I will say that while I understand Craig's frustration at being "cut off", I thought they gave him quite a lot of time (even more than I would have expected) to ask his questions. As a listener, I was ready to hear questions from other investors or market makers and the time to move on was correct.They gave Craig an opportunity to wrap up and when he continued to ask another question, they had no choice but to end the questioning. I also felt that while the results of the 2nd quarter were very disappointing, this management team really believes that there is a future for this company - altho they don't seem to have an idea when a need for their product will come. I also noticed in the conference call and in their earnings release that there was no warning about the company having problems in staying in businesses. If there was ever a time for a "going concern" statement, it would be now. Ancor has always been a speculative stock. I speculated and lost (and yes, I was in when it moved up to 40 and held on as it dropped). It continues to be a speculative stock. I am tempted to get back in at the current level, but I'm fully invested and there's nothing I want to sell right now to speculate again. I do wish the best for this company and all shareholders, I hope patience leads to big returns! Amy

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