Good point about the annual report; I had similar thoughts.
Even more importantly in my ivew,, this management team has had 18 months to develop and implement their vision after studying the marketing and determining what the market wanted to see. It now appears that their vision matches the market's needs, and that the only issue standing in the way of profitability and a much higher stock price is timing.
In my opinion, when this stock finally moves up, it probably will do so quickly, whether because the market realizes that the HDS Tier 1 EOM has validated Ancor, because the Brocade IPO comes out hot, because Ancor is fortunate enough to reach OEM agreements with others who have evaluated Ancor's product without yet making public their decisions, such as Sun, IBM, EMC and the Clarion Division of Data General, or because someone wants Ancor's switch enough to buy the Company.
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