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

To: Daler who wrote (23367)	7/15/1999 6:15:00 PM
From: Starowl	Read Replies (1) \| Respond to of 29386

And here's the report: "Ancor Communications Files for Common Stock Offering "MINNEAPOLIS, July 15, 1999 - Ancor Communications (Nasdaq: ANCR) announced today the filing of a registration statement with the Securities and Exchange Commission for the offering of 2,500,000 shares of its common stock. All of the shares are being offered by the Company. The registration statement also includes an underwriters' over-allotment option for an additional 375,000 shares. "The Company will use the net proceeds of the offering for working capital and for general corporate purposes, including research and development, sales and marketing efforts and funding of accounts receivable and inventory. "A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities will be offered only by means of the prospectus included as part of the registration statement and may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state." ancor.com Starowl