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

To: Kawailani who wrote (25528)	1/10/2000 1:37:00 PM
From: George Dawson	Read Replies (5) \| Respond to of 29386

You are placing far too much responsibility for price fluctuations on the company. We are after all talking about a speculative high tech company that has not turned a profit yet. Most of those surprising ups and downs are related to the financial side of the equation, meaning moves made by market makers, fund managers, shorts, and longs. The most devastating price decrease to the $1.00 range was not predicted by anyone, and it took us a while to figure out what was going on. That price decrease occurred because of fund managers exploiting Ancor's need at the time for high risk financing and shorting the stock. Management's task here is not to smooth stock price fluctuations. In fact, the less attention they pay to the stock price the happier I am - as long as they deliver on the ramping switch sales and the technology. That is ALL that matters at this time. Maybe Ancor IR should just have an answering machine saying: "If you are calling about a rumor you heard on the internet - please ignore it". If they did have some additional time and energy to devote - I would like to see some documented demonstrations of Ancor scalability with some of their partners. George D.

To: Kawailani who wrote (25528)	1/10/2000 2:25:00 PM
From: ShamukE	Respond to of 29386

Kawailani Thanks. Finally someone who feels much the same as I do. I hope that the stock goes right back up. However, I have serious doubts that we'll see that happen in the near future. With 4 or 8Mil. shares having traded(depending on who does the estimating) it's my opinion(FWIW) that a considerable number of people were effected. A good number of them, adversely. Including institutions. I own at least one issue that appears to be sterling. In the past they disappointed the market much the way ANCR has. Until today the only thing that causes the stock to move are the financial statements. I like the industry a bunch. It's involved in contactless cards. I think that it has a bright future. The company has been coming out with good/great statements for some time now. The only problem is that three months is a long time to wait. The market abhors surprises. After the one that ANCR has pulled I think that it might be "show me the bottom line". The market is by nature a discounting mechanism. Both things don't mix. It may be rough sledding in the future.