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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: w2j2 who wrote (18466)10/10/1998 12:39:00 PM
From: Tom Duxbury  Read Replies (2) of 29386
 
Walter

You wrote

"Three points about the Reg-D sellers:
1) The previous management should be held accountable for this disaster.
2) This short selling must be hurting the corporate board members and management
(Ken and Cal) as much as us.
3) If I was an insider, I would not buy until the short selling was nearly all dried up."

Ancor took the best deal possible at the time they needed money.
Without the Reg D money their would be no Ancor at this point.
Why should management be blamed? Do you think that Ancor did not
try to get a floor on the shares? In my opinion they have done an
excellent job (i.e. INRANGE deal). That was an incredible deal and
will save us from future dilution.

Take advantage of the low market cap that the Reg D sellers have
given us and accumulate shares.

Tom

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