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

To: Guy Gadois who wrote (25702)	1/20/2000 4:25:00 PM
From: ShamukE	Read Replies (1) \| Respond to of 29386

Jon I just wish that I had solidified my position this morning. To me it appears that the stock might have risen to a level where it found some support at 44. I can see the making of a head and shoulder formation. We also saw some volume. I've got some reservation that it might be tied in with options settlement and people will unwind and we'll be back to the mid-30's. Any and all ideas will be appreciated. TIA

To: Guy Gadois who wrote (25702)	1/21/2000 12:24:00 PM
From: THOMAS GOODRICH	Read Replies (3) \| Respond to of 29386

Apparently a WSJ reporter who contacted me this A.M. regarding the following posting (under alias ghacorp) I made on Wednesday on Clearstation agrees ANCR may indeed be a value play and is contemplating a story. (Usually reporters are only attracted to dirt, but didn't get that impression here) My response was continued enthusiasm about the company and its position in the industry, however referred them to Ancor for specifics. Reporters apparently are camping out on these boards as this is the fourth time I have been contacted for comments on postings within the past year! <begin quote> The sharp selloff in ANCR was largely attributable to the following comments made by Ashok Kumar two weeks ago. Mr. Kumar currently has an aggressive buy rating on ANCR. "Shares in high-flying Ancor, a fibre-channel switch maker, tumbled nearly 20% Friday after Ancor's chief cheerleader, Ashok Kumar of U.S. Bancorp Piper Jaffray, told his company's salesmen that revenue for Ancor's just-completed fourth quarter will miss his estimates." The reality is Ancor has considerable developments in the pipeline and is expected to ramp up significantly within a short span of time meaning there is inherent risk of sudden acceleration on an announcement of any significance. The bad news is the company is expected to miss revenue estimates for the recently completed quarter, and that news is already out. Fibre Channel products are in high demand and Ancor is recognized as a dominant player with remarkable technical superiority. <end quote>