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: Greg Hull who wrote (18425)	10/8/1998 11:50:00 PM
From: Greg Hull	Read Replies (1) of 29386

What a mixed bag: 1. The quality of the Ancor technology seems to be confirmed by the INRANGE agreement 2. The SAN market is developing 3. There are hints that the new sales team has been successful 4. Financing seems to be in place for 1999 However, 1. The stock is within a few pennies of its all time low 2. Smart money is nowhere near this stock 3. Ancor is in the same position with its preferred shareholders as other companies that have been driven under by their preferreds. 4. We are on the verge of finally taking off, or falling into the permanent abyss. When will the albatross of the convertible offerings be off our necks? Question for anyone: Can Ancor use some of the INRANGE money to call in the remaining unconverted preferred shares? Greg

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