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: Zeev Hed who wrote (22268)	6/3/1999 1:09:00 PM
From: iceburg	Read Replies (1) of 29386

Zeev You are way off base with this one. Right now the capitalization of ANCR is pretty close to $400 MM, and if the figure for the total market is indeed as you cited from IDC $1.4 Billions by 2003, well the current price assumes that ANCR may capture 30% plus of that market in three four years, from a base which is quite small. 1.4 Billion is the projected annual sales in 2003 whereas $400M is the Market cap of ANCR now. Big difference. If Ancor trades at a reasonable 5-times-sales and has 30% of the 1.4 Billion we are looking at a market cap of 2 Billion for ANCR in 2003, which would put us right around $60/share assuming 30 Million shares by then. All those numbers are also conservative IMO. Steve

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