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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: KJ. Moy who wrote (19397)	11/15/1998 2:36:00 AM
From: ron javate	Read Replies (1) of 29386

I don't believe anyone has mentioned this: Ancor management visited Kinnard offices on 11/11 and gave a bullish presentation to the sales force (could explain the runup in the stock). The mentioned that they were able to attract top sales people to the firm, that the INGRANGE and Boeing deal gives them added credibility. The Kinnard analyst said that Ancor's product is the best out in the market and that there are no gorillas out there to take away market share. His price target is $4, but his tone was very bullish. He expects Ancor to land a large OEM, and once having done so, will set the stage for additional OEM wins. I can't post the report since it is on a protected site.

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