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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 (20761)	2/12/1999 10:24:00 AM
From: w2j2	Read Replies (1) of 29386

Herb(Doug), great report! Thanks! A couple of impressions I got from the Ancor CC that have not been posted are: Cal's remarks about possible follow-on sales to Boeing of $1.9 up to $3.8 million THIS YEAR sounded like MORE than wishful thinking. (He said "the same amount or twice that of this Q") Also, this revenue would make the next 4 quarters "lumpy", as Ken predicted. A gradual ramp up of other business would not be "lumpy". Also, Steve Snyder seemed very keen about a regular NASDAQ listing. I expect the stock price to stay in the 5 to 6 range pending tier 1 oem announcement. Do not expect sustained increased price until after a few quarters of rapidly ramping revenues. (1.5 years) Also, Ken's estimate for ramp may or may not be accurate. Having been involved with several successful small stocks, I have learned patience. We will profit very well with Ancor stock, but tuck it away for 2 or 3 years, not 2 or 3 months. My first shares were purchased at $14, and I fully expect to profit from them. wj

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