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

To: Kelly Igou who wrote (22994)	6/24/1999 12:58:00 PM
From: iceburg	Respond to of 29386

By more realistic levels do you mean each priced at $50/share? ;-) BRCD and ANCR will be swept back to more realistic levels. You will find that she is priced quite realistically IMO.

To: Kelly Igou who wrote (22994)	6/24/1999 1:09:00 PM
From: jim g.	Respond to of 29386

Kelly, if you want to participate in the future of the SAN market there are few stocks available right now. Look at internet stocks, there are about two new IPO's every day and those investment dollars are being stretched thin. At the Piper conference 90 percent of the questions were about the SUNW contract. That was just huge. We are in the early stages with very few players and until recently little institutional ownership. The differential between ANCR and BRCD should close and I think it isn't unreasonable to think that ANCR could be valued at half of BRCD's current valuation which would put it at $40 per share.

To: Kelly Igou who wrote (22994)	6/24/1999 1:31:00 PM
From: Patrick Sharkey	Read Replies (1) \| Respond to of 29386

Kelly, I agree with you that the price may come down, but I think it more likely to go up from here. There is no more rational basis to say that it should be in the single digits, the mid-teens or the early twenties, since it has no earnings to support any of those numbers. Once you get beyond that focus, and focus on the future, it seems underprice to me here, since earnings, via SUN, HDS, etc. are around the corner -- and Ancor has shown that it has the right stuff. So, while hoping that we can talk it down the mid-teens might work ;), and both you and others might buy, you to get your initial position, and others to add, the price might not dip and, instead, take off.