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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: Ocean_Joe who wrote (4171)	11/13/1999 10:43:00 AM
From: M. LaMancha	Read Replies (2) \| Respond to of 19428

ANCR -- imho caution may be in order (following is from TheStreet.com, copyrights apply, except under fair use provisions): Commentary : Herb on TheStreet Ancor and the Dangerous Games Investors Are Playing By Herb Greenberg Senior Columnist 11/12/99 6:30 AM ET Fried-Day: Last year revisited: It feels so much like a year ago, when companies like Pillowtex (PTX:NYSE), CHS Electronics (HS:NYSE), Safeskin (SFSK:Nasdaq) and others were on fire and could do no wrong. Any question regarding the soundness of their biz would cause the Hostile React-O-Meter to spin out of control. Those names can now be replaced by the likes of Cree Research (CREE:Nasdaq), IDT (IDTC:Nasdaq) and Ancor Communications (ANCR:Nasdaq), where investors confuse momentum with fundamentals. Ancor, a maker of fiber channel switches, is -- or until late yesterday -- was on fire. (Swinging from its open at 60 to 73 3/8, before closing at 54 7/8.) All sorts of message board chatter. All sorts of rumors. All kinds of stories, most of them surrounding the hype and hoopla that sales of switches to Sun Microsystems (SUNW:Nasdaq) will begin showing up this quarter. (Don't get me started on the danger of the boards!) According to those rumors, at Comdex next week, Sun supposedly would roll out a new StorEdge product bearing the Ancor switch. However, before Dow Jones broke a story saying pretty much the same thing, a Sun spokeswoman late Thursday told my sidekick, Mark Martinez, that there will be "no" announcement regarding StorEdge and Ancor at Comdex. Furthermore, she said there would be no announcement regarding StorEdge and Ancor in the current, fourth fiscal quarter. That prompted Martinez to ask: "Does that mean it may not be ready until Q2?" She said she wouldn't rule that out, but felt that there was no reason not to think that it would be sometime in the first quarter of next year. Ancor Prez Cal Nelson, meanwhile, told Martinez that Ancor expects a "good quarter independent of the Sun relationship." He added, "And we expect to have a respectable quarter even if we don't have the Sun revenue." (That's what he said, really.) This is very important because analysts had been telling their clients to expect the Sun business to begin ramping up in the fourth quarter. That was based on comments by the company itself in its last earnings release. Meanwhile, another rumor (perpetuated by the message boards) is that Ancor is close to an OEM deal with Hewlett-Packard (HWP:NYSE). But, yesterday Dain Rauscher Wessels analyst Tom Erickson came out and said that it seemed doubtful Ancor would win the biz: "Although there has not been a public announcement of which SAN switch vendor has won the OEM relationship at Hewlett-Packard, we do not believe that Ancor, a Brocade (BRCD:Nasdaq) competitor, will be selected," Erickson said. Dain Rauscher Wessels was an underwriter for Brocade's IPO earlier this year. Erickson rates Brocade a strong buy and doesn't cover Ancor.

To: Ocean_Joe who wrote (4171)	11/13/1999 1:44:00 PM
From: Mad2	Read Replies (1) \| Respond to of 19428

OJ, thanks for the response. Sector seems to be momentum driven....and crowded with JNIC and EMLX in the mix as well. Too toppy (for a long position) for me. That fear of heights scared me away from JNIC when it came out of the IPO box a bit slow (again a relative term) at 46-42 where it could have been a quick double (assuming the forsight to exit at the right time) Mad2 BTW wasn't one of the players in this sector having a reliability problem of late....seem to have read that but can't remember who it was. Given ANCR is/has been driven by hopes with SUN.....aren't they (SUN) tight with JNIC? I also recall SUN has a propierity Sbus (effects the switch technology and JNIC is the main guy here) that is supposed to phase out in about a year and the scuttlebut about ANCR is they are moving into JNIC's Sbus space......which will be obsolete pretty soon? good luck to ya Mad2