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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: Bill who wrote (17443)7/27/1998 12:14:00 PM
From: Patrick Sharkey  Read Replies (1) of 29386
 
Bill, you have stated several times that management would have to accept a deal at a certain number, but I disagree with such a broad statement. The law reporters are filled with cases in which shareholders sued because management refused to accept a buyout, and because management sold too cheaply. Management is given great latitude in managing the business, and in deciding, as an initial matter, whether to sell the company. There is far more that is unknown about Ancor, than what we do know about its position at this point. l
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