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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: Kerry Lee who wrote (21178)	3/20/1999 10:28:00 AM
From: KJ. Moy	Read Replies (1) of 29386

Kerry, <<<Therefore assuming IPO pricing of $15 and 3 million shares ( ballpark )we get 27 million shares outstanding = $405 million underwriters valuation. These guys know how to conduct a roadshow and sell the story ( the red herrings always look bad )to funds..When they get a small offering of only 3 million shares, between these 3 underwriters, they'll probably get orders/indications of interest from funds of at least 3 times the size of the offering. >>> If this scenario plays out like you said, a re-pricing for Ancor is in order. Let's burry the hatchet for Brocade for the time being. I can hardly wait.<g> KJ

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