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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: Craig Stevenson who wrote (3840)	3/14/1997 11:09:00 AM
From: Madharry	of 29386

I am blaming ANCR management for some of my losses. I never had an inkling from management that there was a problem with the Sequent contract, until early January when Kerry mentioned nanagement tellin him about working on integration problems, implying that they were correctable. Had I known the specifics of those problems then, I would have easily come to the conclusion that the contract would have to be ammended or cancelled and I would have been able to make a decision on facts that should have been made available. Also had the financial management of this company been competent and known the extent of the Sequent integration problem they should have secured additional funds when the stock was in the $20-40 range and not when the stock is below $5, and they now have a track record of misleading investors. Sure we take risks in this business but we have to assume that management is both honest and competent until otherwise demonstrated.

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