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: iceburg who wrote (18426)	10/9/1998 12:07:00 AM
From: Nam	Read Replies (2) of 29386

Why the angst toward the reg D's? It sure seems to me that there is some anger toward the institutions that funded Ancor when they were in need of funds. I dont get it. Ancor needed dough, These reg d type hedge funds stepped up and took the risk. 100% risk I might add. Ancor survived and the reg d,c investors are taking some money off the table..and some profits. Why is that so bad? The fact of the matter is Ancor cut a deal that had potential consequences, some dilution if the stock dropped. Desperate measures during a desperate time. I see no malicious activity here. In my opinion, if and when Ancor builds a strong company with good revenue and earnings growth, the stock will take care of itself. Further, the suggestion that a lower stock price leads to bankruptcy is totally absurd. Just one other thought: I figure the market cap for Ancor assuming the dilution from the reg c,d conversions is between 25-30 million. Didn't Inrange just agree to give them 9 million dollars? Doesn't this seem incongruent?

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