Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Greg Hull who wrote (25880)	2/1/2000 12:59:00 PM
From: Craig Stevenson	Read Replies (3) \| Respond to of 29386

Greg, Just fine. The shock of being out of ANCR when it roared off has slowly worn off. (The relief of not being in ANCR when it got cut by almost 2/3 has also helped. <g>) There is way too much manipulation for my taste, on both sides. The Yahoo board has become an absolute cess pool, with unadulterated hype on both sides. It is interesting to find out now that many of the rabid longs weren't buying at 30, 40, 50, 60, 70, 80, or 90. They had all bought in the single digits, but were trying to convince EVERYONE ELSE to buy up high. That's hype in its worst form. I'm sure a lot of people got killed. (Again.) When will Ancor and its investors learn. Underpromise and overdeliver, not the other way around. I think even Ed Schultz would grant me that I was one of the first ones to suggest that Ancor investors should concentrate less on the technology and more on the BUSINESS ASPECTS of the company. Unfortunately, nobody wants to talk about that. I even broke down a few months back and posted some questions on Yahoo about the potential impact of the Sun warrants. They accused me of being a short, and probably buried me on boot hill! (Boot hill was actually pretty funny. <g>) It is truly unfortunate that there isn't more relevant and civil discussion about the ISSUES facing Ancor. Am I the only one who sees Brocade as an 800-pound gorilla? Am I the only one who is concerned that Gadzoox shipped more SAN switches in the just completed quarter than Ancor? (Back out the Boeing revenue from Ancor.) Am I the only one who sees some danger in the increasing employee count and increases in R&D without a corresponding increase in revenue? Am I the only one who is concerned by Greg Reyes' recent comments on ON24.COM that Brocade has won every contract it has competed for? Am I the only one who is concerned because the SUNW ramp keeps getting pushed out? None of these questions imply that Ancor can't or won't succeed, but a discussion of these issues would certainly seem to be important. Unfortunately, anybody who brings up ANY of these issues is immediately labeled a short. That's not good investing, in my opinion, and that is why I have simply stayed away from the stock. Fibre Channel has certainly played out as I suspected it would, although it happened much later than I expected. I think in the long term there will be many winners, and Ancor will likely be among them. In the short term, it's anybody's guess. There are a lot of high-powered people, on both sides, interested in ANCR. Craig

To: Greg Hull who wrote (25880)	2/1/2000 1:44:00 PM
From: Craig Stevenson	Respond to of 29386

To All, Those of you seeing a bunch of posts from me in one day are probably wondering what is going on. Let me explain... I have been sitting in my office (bored to death), waiting for an interview which takes place at 1:00 CDT. The last couple of weeks, I have also been testing a Cisco Cache Engine, which caches web pages on my intranet. I saw JFieb's message regarding the HP Fibre Channel switch announcement, and did a quick search on HP's web site. (HP's site is one that I have been testing my Cache Engine with.) I posted the links, and that's what started this. I have never stopped following Ancor, although I currently have no position. I'm still interested in Fibre Channel, but the valuations on all these companies seem excessive to me. Craig