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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: GuinnessGuy who wrote (21576)	4/28/1999 3:10:00 PM
From: w2j2	Read Replies (5) of 29386

Craig S: Maybe Ed Schultz (msft) will be working with Ancor! <g> I think everyone was pleased with the revenues this quarter, and they are growing steadily, albeit not rapidly. (Remember that $100,000 quarter last summer?) KH said Internet 2 would increase demand for FC storage by 1 or 2 orders of magnitude. In closing he said they hoped to build on their curent successes later in the year, and I infer more OEM's, but not right away. I still think we have a very good chance of snagging the IBM business. More financing in the fall, per Snyder. If they do an Inrange-like deal, it will not be too bad, but I do not think a secondary stock offering would be viable at this price, and please no convertibles!!!wj

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