The New QLogic (ANCR) Message Board

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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: Pierre Aydin who wrote (3786)	3/14/1997 7:45:00 AM
From: ron javate	of 29386

IT LOOKS LIKE MORE BAD NEWS--ancr just revised their 96 revnue doown 500,000--auditor makes a going concern statement--this is all i know as of 6:37 a.m. I knew that there had to be some reason why the stock is under pressure for no apparent reason. I'll post more detail as I get them. Lee Lewis said that this is not unusual for a company like ancor. It is trying to raise money with a $10 million convertible offering to try to keep themselves afloat. This stock is going to come under considerable pressure today. I look for it in the $3 dollar range. If they are still in the hunt for an oem contract--it better be soon. Still long and in pain.

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