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

To: George Dawson who wrote (23496)	7/26/1999 11:29:00 PM
From: Kerry Lee	Read Replies (2) \| Respond to of 29386

The respected Piper analyst Ashok Kumar who wrote the research report on ANCR had a very brief video/sound bite on tonight's CNN Moneyline..the segment was so brief that my only recollection is that he was recommending buying tech stocks on dips or something to that effect..someone feel free to clarify. My main point is that Clint Morrison from Kinnard would never be caught dead on a mainstream broadcast media like CNN Moneyline..now ANCR has a BUY rating from a known/respected Wall St analyst and Ancor did not even have to "pay" for this coverage. The other tidbit on Moneyline is they spent alot of time talking about the burgeoning STORAGE market and IBM's new Shark line being a threat to EMC. IBM did some good PR today..the unfortunate thing for storage/server marketers is that IBM has now escalated the battle for marketshare with the "Buy Now/pay in Y2K" which reminds me of the tactics used in the consumer electronics ( stereos/TVs ) and furniture industries...looks like it will hurt the profitability of other competititors like EMC, Sun, HIT..these companies will be most likely forced to match IBM extended payment terms OR more aggressively discount upfront, thereby impacting cash flow and/or margins. On the other hand, I would not be surprised if it also accelerates adoption of Fibre Channel technology and switch vendor revenues as these companies speed up internal timetables/productization.