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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST
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To: Neil S who wrote (22229)6/3/1999 8:45:00 AM
From: Nine_USA  Read Replies (1) of 29386
 
The terms of the warrant issued to Sun imply the plausability
of $100million in revenue.

<<As part of the agreement, Ancor has issued Sun Microsystems
a warrant to purchase up to 1,500,000 shares of Ancor common
stock at a purchase price of $7.30 per share. Vesting of
the warrant occurs at the rate of one share for each $67 of
revenue received from Sun.>>

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