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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: Craig Stevenson who wrote (17552)8/1/1998 11:49:00 AM
From: George Dawson  Read Replies (1) of 29386
 
Craig,

As a guy who has been on the Ancor roller coaster for about as long as you have, I think we have to keep in mind that it has been heading steadily in a downward direction. The wake up call for me has been the opinion that Ancor may have a technically superior product but they have been outmarketed. If all the rumors are correct, they have been outmarketed by more companies than Brocade. This is unsettling because we all know the high tech landscape is littered with the carcasses of superior products. I have posted for some time that many would like to see Ancor be one of these companies.

Your argument about downside risk is a compelling one - especially to new speculators. It is a lot easier to speculate at these levels given what might be fair value for the company.

At this point I don't think you can take a long view of the company. There is a real question about the ability to survive for the 1 - 2 year time frame. I hope that people reading this thread realize that many longs are not going to sell at this level which is absurd compared with most entry points. I guess on that level the low downside risk cuts both ways - $1 1/4 won't get me much more of a tax loss.

George D.
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