The New QLogic (ANCR) Message Board

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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: Lhn5 who wrote (22069)	5/25/1999 3:24:00 PM
From: Bob Frasca	Read Replies (1) of 29386

"...Regarding Brocade's cash and stock price, what kind of options packages will they be offer..." While I'm sure that some engineer could conceivably make a job decision based on the stock market, in my opinion, this is unlikely. I'm sure that Brocade has been offering stock as an incentive all along. I'm confident that some of the 26,000,000 shares that are NOT being sold today have been earmarked for an incentive program. In 1989, I went to work as a contractor for Perot Systems. The company had been in business for only a month or two and 95% of the 70 or so employees were ex-EDS'ers lured away with stock and options. Most of them took pay cuts and the organization was very demanding. (They AVERAGED 65 hours per week.) They gambled that, like the first 500 or so employees at EDS, it would eventually pay off for them. Took ten years for that IPO to materialize but I'll wager most of my former colleagues are millionaires now if they stuck it out. I do agree with you that ANCR just might offer more opportunity for growth; however, I suspect it would be because of technical opportunities as well as corporate culture issues. It's interesting to note that there are an awful lot of ex-Brocade employees out there. Might this suggest that all is not sweetness and light in Brocade-land? Take a look at Cabletron Systems. They have been struggling for several years. It's common knowledge here in New England that there's a "Big brother is watching" culture there and employee morale is non-existent. It's been said that they even monitor outgoing calls to their competitors. Brocade is enjoying their moment in the sun today. The next six or eight months should prove to be interesting. Regards, Bob

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