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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Lawrence Feldman who wrote (22911)	6/21/1999 8:22:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 29386

June 21, 1999 Dow Jones Newswires Ancor Commun Up 13%; Analyst Cites Rise In Sector By Scott Scholten MINNEAPOLIS -- Ancor Communications Inc.'s (ANCR) shares rose nearly 15% on Monday and set a new 52-week high, as investors brought the company's stock price in line with those of other fibre channel technology companies, analysts said. "This is a follow through with the move Brocade made last week," Clint Morrison, an analyst with John G. Kinnard Co. in Minneapolis said. "There's nothing particular on Ancor that's driving the stock." Brocade Communications Systems Inc. (BRCD) closed up 34% on Friday and Emulex Corp. (EMLX) closed up about 5.9% higher over the course of last week's trading, Morrison noted. Ancor's stock earlier hit a 52-week high of 22 3/8, outdoing the previous high of 19 53/64 set last Monday. Ancor makes fibre switching channels for storage area networks, often refered to as SANS. SANS allow computer network administrators to store data at a central location rather than on a series of servers. Ancor shares were recently at 22 1/8, up 13.8%, on volume of 3.4 million. Average daily volume is 674,000.