Jim,
"As far as I know this exposure is responsible for the price rise, in fact I just saw a 75000 order go through."
Here's a conspiracy theory for you: Maybe Brocade's underwriters are pumping ANCR's stock in order to use it as a model for the pricing or potential price of Brocade's shares. If ANCR hits 10 by next week, then they can say that ANCR, with one-quarter of the market share of Brocade, has a value of ~$250,000,000, which means that Brocade is at least worth four times that amount. And that doesn't count a premium for being the market leader. This conservatively puts Brocade's share price at around $40. So, I think you are right in that the rise has more to do with Brocade's IPO than any OEM in the offing, however, I think my scenario has some possibility of being correct.
Then again, maybe SI's leading tech bear, Michael Burke, knows something good is about to happen:
Message 9612050
Craig |
