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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: srvhap who wrote (19369)11/14/1998 12:09:00 AM
From: iceburg  Read Replies (3) of 29386
 
Tom,

With all due respect:

For a measily 4% dilution you have ensured:

- Employees highly motivated to stick around till June
- A couple million more in the bank

A lot of tech companies freeze your buy in price at 85% of the lowest closing price in the past 2 years (2 of the last 3 companies I worked for - SGI and CEN) If Ancor allowed their employees to do this they would get their shares near $1. Heck at $1.85 we are getting a veritable bargain ;-)

Chill out and look at the big picture. The employees are not at fault for our plight in general but they are the key to our future success.

EOM

Steve

p.s. Still a little time to average down...or up...
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