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

To: Grainne who wrote (25448)	1/9/2000 1:06:00 AM
From: windmast	Read Replies (2) \| Respond to of 29386

christine.....just don't margin your husband! Where is Elder2000......Ed.........he was at the SSB conference exactly one month ago. So was I. Ed did some great reporting of that conference. I would like to hear his take on these latest speculations. I must admit this very large drop is highly disturbing, as is the gigantic volume. I would hate to see that large institutions or other large buyers were avant-guard in the process of news gathering that should have been public. On the other hand should it truly be the articles here mentioned and quoted, then I have to say that I see it a bit differently. In my view the questions concerning the adaptors and other components was asked at the SSB conf. Also asked was the state of the relationship with Sun. This was asked to Sun also. Jeffrey Allen's answer was unequivocal. Their relationship was doing just fine.and expanding. And Ken's explanation was in fact that they both were trying to crush their systems and find every possible flow with their products. I do not recall exactly........wish I had a tape...... but a question was asked both about the Sun's warrants and the shipping to Sun. I did NOT perceive that it was going to occur during this quarter......but that other revenues were coming in as well. I got the impression that Sun : Ancr relationship was very solid. And that they were very busy testing and tweeking and that that was their priority. During lunch Ken expressed that their greatest challange was in obtaining and retaining talent. That options excercise prices had been blown away within months ( weeks) of certificates being printed. During this lunch Ancr was over $ 90. It has been only one month since then , and maybe those options look more normal and reasonable. Were the people buying at 80 and 90 stupid ? There were a lot of buyers and sellers that day. and volume was huge Friday all the way to 37. AND back to 45. I felt that management was straightforward and with integrity. I felt Ken was a real person........a talented engineer....a father and grandfather. I do not believe at this moment that there could be real hard core news that would have been leaked out in this huge proportions. I have not seen any evidence jet. As far as missing the " whisper" numbers...........the 500k rolled over etc. argument, the Herb on the Street argument etc., I really do hope that these are the reasons. From my point of view they will became less significant over the the span of a year or more. Catherine, you should try to relax. Hopefully a week from now we will have a higher price than today. But at some point Catherine, when you can, sell those margined shares and get back to a normal life. And do not do this margin stuff if you are not a gambler. Greed is not a good thing even for ancorites! It is too easy to get euphoric on the way up and it is so easy to get shaken off this wild horse/bull even without rubbing grease on the saddle! The volatility in this stock can be very large, I remember July this past year ....we were at $38.Up to July 9th we have readings in the 38's. Less than a month later Aug. 8th intraday low of 15 5/8 !!!!!!!!!!call it 16 for mercy. I do not feel like dividing but in proportion it seems pretty similar. windmast