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

To: Steve Gardality who wrote (22928)	6/22/1999 4:49:00 AM
From: GuinnessGuy	Read Replies (2) \| Respond to of 29386

Steve, -you wrote- "2/3 of the daily volume done by the daytraders." If you check out this site you will see that this isn't true. According to the pie chart 75% of the volume was institutional. thomsoninvest.net If you are doubtful about the veracity of the chart just enter in companies that you KNOW are traded heavily by the day-traders. You will see(as I've just done) a lot higher retail activity than what you saw with ANCR. "Few are in the for the long haul." I've been around since the winter of '96. And I'm not alone, by any means. At one point the stock was at 41(May '96) and at another it was at $1(Sept '98), so this stock has been anything but straight up in my experience as a holder. -ng- "Why is this stock so much valuable today than it was a week ago. All the information was available last week from the same sources." Steve, forgive me, but since when is the discovery and assimilation of information linear. Like most real-world things, it comes in fits and starts. If you would care to do a search on Lexis-Nexis with "Fibre Channel" as the key phrase you will notice a very steep ramp in the number of articles about the technology. And not only has the quantity of articles risen dramatically, but the quality has changed as well. Now there are fewer and fewer articles talking about the difficulties of implementing SANs and FC. Instead the focus is on why IT pros are so interested and who is doing what with whom in order to put together a value chain that will serve the end user. This, IMO, is an important paradigm shift that is responsible for the sudden and rapid escalation in the valuations of FC related companies. In other words, a lot of the risk that was presumed prior to this has now been wrung out of the equation. Of course, it doesn't hurt when companies like QLGC and EMLX talk about FC related sales jumping 100% year over year. -g- As far as Ancor is concerned, they have been working on their ASIC for much longer than anyone else. And it doesn't appear to be something that can be copied overnight -- no matter how much money you throw at it. Probably the most respected poster in this thread, who inspected the ASIC about one year or so ago said that it was as complicated a chip as a Pentium II. And I believe him. Ancor executives claim that they are one to two years ahead of the pack in ASIC design. Maybe you consider that hype. Maybe it is, but after the recent law suit I've noticed that they have been extremely cautious in their statements. Here's the shortened version of Ancor's technical achievements, if you are interested: fclc.org I still hold because in my estimation we are only trading at a P/S of 5-8 times next years sales and 25-35 times EPS in a market that is growing 100%+ annually and will continue to do so, in all likelihood, for 4-6 years. Of course, there are other reasons, like faith in the management but I've already written way to long of a post. Craig

To: Steve Gardality who wrote (22928)	6/22/1999 8:53:00 AM
From: iceburg	Read Replies (1) \| Respond to of 29386

Steve, If you are a good trader I'm sure you will be able to scalp a couple points at some time if you are careful. Yippie. A lot easier to go long and enjoy the ascent. Keep in mind also that: - We have followed this stock for years. We understand the dynamics at work here. - It looks very attractive to hold on for the capital gains tax for those of us who got in cheaply. - Trailing earnings are not nearly as important as forward looking earning. Do some homework as to what ANCR's Q4 earnings might look like (and beyond if it doesn't make you too dizzy) - Those eagar to sell did. They sold after the 30% gap after the SunW announcement. Now it is long term players (the float isn't as large as it seems), Institutions and traders. The laws of supply and demand are at work. Don't YOU be too greedy. Steve