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: Kelly Igou who wrote (19349)	11/13/1998 4:44:00 PM
From: Ken Richard	Read Replies (1) of 29386

I wouldn't go so far as to blame H, N, and S, for the disaster. Have been some side benefits (though I might catch flack on this). Many have been able to accumulate multiples of more shares. The point is that this re-pricing issue (with all due respect to those who in the early days have made this company) sends the wrong message to the market. Also, the equity holders have actually suffered losses (thoug paper as they may be) in their portfolios. In my old days (and prior life) working for HP, my boss used to say repeatedly that "selling product solves most if not all problems". This is true here. A few solid OEMS, or other deals, given the exploding market will solve many problems, including the "options" issue. If this stock was now at $15-20., I don't think this would be any big deal, in fact, God Bless them. But where we are now ... NO WAY. Sends the wrong message. A re-pricing of options at this level will have a negative effect on the stock price growth of this company. NOW is NOT the time. IMHO.

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