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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: Lhn5 who wrote (19128)	11/4/1998 12:04:00 AM
From: George Dawson	Read Replies (2) of 29386

Larry, I guess it's now as obvious as the Minnesota gubernatorial race. As I am typing Jesse "The Body" Ventura is leading. He has 37% compared to the Republican Norm Coleman (34%) and the Democrat Skip Humphrey (28%). Forty per cent of the votes are counted. Before I did some research, it seemed like the BOD might be reacting to a concern that somebody would be wanting to pick up Ancor stock on the open market at its current beat up stock price. I think this is easy to do, as a consortium and through the use of affiliates so nobody knows the buyer. After the research including looking at Cisco's SEC document, it seems like a common device to address shareholder value. It has the added effect of not adding authorized, but unissued shares as per the previous action this year. George D.

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