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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: Greg Hull who wrote (19837)	12/20/1998 8:55:00 AM
From: Neil S	Read Replies (1) of 29386

Correction: <<Just closed a $10m round of VC backed financing from Norwest Venture and others>> I was thinking of a comment i had read by Mike Gorman who is with St. Paul Venture Capital not Norwest when i wrote the above. If i recall correctly there were 8 VC Firms plus one corporate investor in the latest [$10.1M] Xiotech round. Investors included: St. Paul Venture Capital [MN] Cresendo Venture Management [MN] Minnesota Management Partners [MN] Gideon Hixson [MN] Advent Internation [Boston] Sigma Partners [Menlo Park] I understand that Sigma Partners put up ~ 1/3 of the total $10.1M financing. Also interesting is that Mac Lewis, the managing partner of Minnesota Management Partners, and an Xiotech board member, is the former CEO of Computer Network Technology. Info only, not speculation. Neil

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