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

To: Lhn5 who wrote (23029)	6/26/1999 9:24:00 PM
From: Greg Jung	Read Replies (1) \| Respond to of 29386

Stocksheet profile says 3.1% institutional ownership, let me know if it bumps up. This thread should be much sillier than it is and you should recognize that all this talk about shorts, MMs, intra-day TA means you are holding a silly stock. At this point it is still a speculative venture tht would be fortunate to get bought out which is, however, out of the question at 500M. Its fun to nurish a superman complexx but however "great" the technology trivia held by Ancor it is functionally trumped with other systems. And storage systems will be good business only as long as their cost decrease. I think that if from now until the year 2001 if Ancor managed to make 100% net margin it wouldn't justify its stock price. The only company paying such outrageous bucks remotely approaching this is in another field (Lucent).