KJ and All,
Mere words are inadequate to express my appreciation to everyone for all the fine contributions to this and the other board during the trying developmental phases of Ancor and the FC market. I am not convinced that I could have remained a fevered investor in Ancor without this unselfish pool of shared knowledge about the company and events in the FC industry. The experience of being a long time Ancor shareholder has been enriched by an order of magnitude. Thanks and a tip o' the hat to everyone, past and present.
KJ, your reminder of the run rate discussion underlines a key element of the BRCD IPO. ANCR and BRCD are pieces of the same growing pie. There's no reason to assume that whatever multiple that may eventually settle upon BRCD's offering could not apply to ANCR in a proportionate degree. Investors buy the company's future, and who is to say that the future is not equally as bright, if not brighter, for Ancor? That future may be priced alongside Brocade's as early as next week imo.
The question of how to play the IPO is interesting. If the expected share scalping ensues, short term price movements could satisfy a lot of short term targets for those with the stomach for it. I guess it all depends on the expectation of gains, short term profits or long term returns. Long term returns require prudence and patience, short term profits require prescience and a roll of the die.
BTW, your admission of buying more at 10.5 was almost as good as reading about insider buying. I consider it very Bullish for Ancor's long term. Besides, it was cheaper than Brocade, right?<g>
Douglas
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