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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: RGM who wrote (22398)6/4/1999 9:09:00 PM
From: Eleder2020  Read Replies (1) of 29386
 
Ancor is being fundamentally revalued in front of our very eyes. Where it stops no one knows but we haven't seen that melt up day yet that says we are close to done for the short term.

>>It appears that everybody doesn't care if this company issues a $7.20 stock warrant to a customer for every $67 of revenues from that customer<<<

I think almost everyone here is elated that SUNW will spend 100million in revenues to get 1.5 million shares, a dilution of 5%.
Ancor couldn't pay for the brand recognition we get from the SUN deal.
We've seen worse on top of which Ancor gets $10.5 million. Last year 1/2 the company was diluted to the tune of about $8-9 million.If you have followed the story closely this was the best deal i've seen Ancor make EVER! SUN deal was probably made while Ancor was at $10 a 25% discount. Look what it done for shareholders already. All for a 5% dilutive effect.

>>This company will keep the hype up cause they are running out of cash and they mention it in their 10k that they are going to need to obtain external financing sometime this year.<<<

Again incorrect. Ken Hendrickson continually underpromises and overperforms.Yes they need financing -hopefully with a high profile secondary that will catapult us to new highs.All IMHO of course

I'm so happy, I'm ready to go dancing.

AND OF COURSE GO KNICKS-

Tomorrows NY sport schedule-Belmont at noon. Yankees and Mets 1:30 and Knicks/Pacers at 6:30. All in a 20 mile radius. Tonite it's Rock on out night.

Ed
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