The New QLogic (ANCR) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Craig Stevenson who wrote (19057)	10/31/1998 10:06:00 PM
From: Greg Hull	Read Replies (2) of 29386

Craig, <<Maybe we could have gotten some people with substantial firepower to soak up those shares before the price got as low as it did.>> From my perspective the Series C offering was so much more damaging than the Series B offering because of the "applicable pricing period." A low closing price could affect at most 5 days for Series B conversions, while it affects a Series C conversion price for 4 weeks. Calling in an airstrike (if we could) would only work if it could be sustained for many days or weeks. Propping up the price at say $1.50 would be been pretty expensive, I believe. $2 would have taken millions. If we had figured this out months ago, we all could have sold long and bought back in when it hit $1. This wouldn't have taken any cash, and is probably what the ANCR bears were telling us earlier this year. Greg

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next