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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: Ken Richard who wrote (18404)10/7/1998 12:27:00 AM
From: Eleder2020  Read Replies (1) of 29386
 
>>> I have no backup on this, but I would be shocked if NetMarks was able to "skate" on a windfall at the same time ANCR is negotiating a reseller agreement with them...<<<

Ken-I think what Kerry is really saying is one better then that.
Netmark sounds they are negotiating a deal with Ancor, where Ancor gets at least 1/2 and possibly all of the money owed them by Hucom instead of walking away from that obligation. It would only make sense from Metmarks point of view to do that for two reasons.
One is a PR/legal point of view. They took on Hucom(saw value in Hucom) and are honoring their debts as to make sure their own channels retain their good credit. If a client of mine goes out of business and doesn't pay me, then opens up with new money or under a different name and then calls me up to do new work for him, I'd say no unless we settled the old bill under some negotiated agreement or unless I got the new work with money totally payed before I did the job.
Reason 2)which is the one better is that Netmark would see making more money from Ancor then the $500K to $1 million they would possibly pay out to Ancor and it made economic sense to negotiate with Ancor.
Not sure how bankruptcies work in Japan.Does Netmark have an obligation to Ancor through Hucom?

Faulty logic here?
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