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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 (3641)	3/6/1997 9:12:00 AM
From: Madharry	of 29386

I have tried to restrain myself from posting on this thread but let's not mislead people about the candor of ANCR management. 1. Departure of Donaldson not explained 2. Timing of releases 3. No public announcement re problems with Sequent contract performance or imminent cancellation, despite the fact that they knew that the equipment was not compatible. 4. Characterizing the problem as an integration problem when with hindsight it seems to me that the solution would have to involve ammending the contract as the Emulex card could not interact with a Class I switch. 5. O'hara's response that the Sequent contract cancellation would not result in charges. 6. Lack of public candor about future financing plans. Honest and Credibility are not words that come to mind when I think of ANCOR management. I have a lot more trust in KL and the private market valuation of the FC technology. I believe that the quality of management is what is now making this stock sell at a significant discount to what it should. I continue to hold a position in ANCR and may add to it if it continues to drop.

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