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

To: Kerry Lee who wrote (23318)	7/15/1999 3:06:00 AM
From: George Dawson	Respond to of 29386

Additional interesting facts from the EMLX S-3/A filed on 5/17/99: Although I missed it the first time around, the cost of the deal can be calculated from the difference between the total value of 2.1M shares at $69.50 and the net proceeds given in the document. Net proceeds are defined as the total proceeds minus the underwriting and offering expenses. This is roughly 15.3M or about 10% of the total of $145M. There are some interesting sections on stabilization of the price according to SEC regulations. For the details see freedgar.com -> search EMLX for the above document -> search the document using your browser for "underwriters" and I think you will hit all of the relevant sections. George D.

To: Kerry Lee who wrote (23318)	7/15/1999 3:26:00 AM
From: George Dawson	Read Replies (1) \| Respond to of 29386

"Emulex announced its intentions to do a secondary on April 6/99:" This is associated with a rise in the share price. Interestingly one of the services I use has a news impact graph and they do not note this - opting for a 4/28/99 earnings announcement of positive earnings. The volume spike occurred on the day of the announcement of the secondary. It will be interesting to see what happens with Ancor since the total outstanding shares are much larger. George D.