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: Nine_USA who wrote (20005)	1/8/1999 1:07:00 AM
From: Kerry Lee	Read Replies (3) of 29386

FACT: as of Dec 31/98 there was $2.3 million of Reg D remaining. As of this morning ( Jan 7/99), there is now only $920,000 left of Reg D yet to be converted . In other words, we bled thru $1.4 million of Reg D conversions in just 4 trading sessions. Look how the stock has performed in past 2-3 weeks in the face of Reg D conversions and last minute tax loss selling...2 OEM announcements within the past 30 days...feel free to do your own research and draw your own conclusions as to what direction the stock will head going forward.

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