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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: Craig Stevenson who wrote (17354)	7/24/1998 10:08:00 AM
From: trendmastr	Read Replies (1) of 29386

This is not all that complicated. Hendricksen and Nelson have proven themselves incapable of running a publicly held company. If they knew things were getting pushed out then they needed to act to generate some kind of revenues and to have already secured additional financing, rather than wait until they (and us shareholders) are forced into one of a list of unappetizing alternatives. If they did not realize it........ When Hendricksen says that the company is a "near start up" does he take into account that start-ups aren't publicly held? How did the company become a "near start-up", what caused that to happen? Was it Nelson's and his lack of understanding of what customers' needs are? Was it their flawed strategy? Was it their inabilty to see that their marketing was non existent (whatever happened to that woman they hired anyway?), that their sales team couldn't sell ice to desert inhabitants? How long should it take someone to figure it out? Most of us here need the company to succeed. We try to find a glimmer of hope in new hires, yet when asked what Pasqua has turned up since he's been there, Hendricksen's answer is....another sales guy! Did Hendricksen think that was funny? I certainly didn't. "Pasqua needs more time, these things take a while to develop..We can't go into that"....blah blah blah. Maybe they just should admit that they don't have a clue. Come to think of it, didn't Hendricksen say that he was going to stop trying to "guess" when the market will need Ancor's product? Pathetic. Let's change the old adage a bit and say that results speak louder than words. These guys have had long enough to prove their worth. With a little over $5 million cash and a burn rate of $1 million a month, I'd say that it's the bottom of the ninth once again. Does anyone here have any suggestions as to how we talk to the investors that control this company? tm p.s. the stock is now trading below $2

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