The New QLogic (ANCR) Message Board

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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

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Aug 24 5:00 PM EST

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To: Greg Hull who wrote (18789)	10/25/1998 12:41:00 AM
From: George Dawson	Read Replies (1) of 29386

"In addition, a Selling Shareholder may, from time to time, sell short the Common Stock of the Company, and in such instances, this Prospectus may be delivered in connection with such short and the Shares offered hereby may be used to cover such short sales." Greg, I also read this in the S-3, but on first reading I read this as needing to convert before selling the Common Stock short. I see your point. What an incredibly bad deal. If you are right it readily explains the source of the shorted shares and how the Selling Shareholder can get shares to short when there aren't any available on the market in margin accounts. George

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