The New QLogic (ANCR) Message Board

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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: Panita who wrote (18179)	9/24/1998 10:17:00 PM
From: Kerry Lee	Read Replies (1) of 29386

I think you are reading too much into the short interest numbers since the Reg D guys have shorted against the box prior to conversion. In other words, they do not have to cover their short positions by buying shares on the open market..they can cover their shorts by delivering their common stock after they convert their preferred stock to common.

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