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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: Patrick Sharkey who wrote (21603)	4/29/1999 10:51:00 AM
From: Paul Moerman	Read Replies (2) of 29386

Pat, yes I think he was talking about the future price of Ancor. Ken stated the obvious that ANCR's past share price has been "volatile" and that he has been reluctant to file for NASDAQ listing until he had quite a bit of confidence that the share price would not drop below $5 during the application period. He said ANCR now "may" (or may not* by implication)* be at that point - where the price is unlikely to temporarily dip below $5. So he wasn't actually "predicting" share price, but I didn't think he came across pretty tentative as to the possibility that ANCR might again dip below $5 in the near term. Otherwise, I don't see why he wouldn't have said what we all wanted to hear, i.e. that ANCR had (or was going to imminently) applied for full NASDAQ listing? I'll be interested in your take after you've listened to the cc! Regards, Paul

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