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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 (21171)	3/19/1999 7:51:00 PM
From: Joe13579	Read Replies (1) of 29386

<<Brocade's IPO won't be anywhere near Reg S. or Reg D. bottomless preferred convertibles. They will be fixed IPO price, period.>> My bet is that within a week of the IPO, Brocade's stock price will drop about 50% for a variety of reasons (regardless of how the stock price is structured), one of the reasons being Ancor's stock valuation. This is not an internet stock and investors will not be too enthused over this stock (if history is any indication).

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