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

To: Ken Richard who wrote (25886)	2/1/2000 2:03:00 PM
From: Craig Stevenson	Read Replies (1) \| Respond to of 29386

Ken, That's one of the biggest reasons I have refrained from posting. Any questioning of the party line is viewed negatively. Sure, there are some sour grapes here. I have no problems admitting that. Anyone who misses out on a MAJOR upward move like ANCR had is bound to have some sour grapes. I don't want my posts to come across like that, since I have no position at this time, but I also think it is important to give a balanced view. (That's no different than the way I did it when I was posting here every day.) Craig

To: Ken Richard who wrote (25886)	2/1/2000 2:35:00 PM
From: Patrick Sharkey	Read Replies (1) \| Respond to of 29386

Craig, I have always valued your posting, never more than now. Ken, please lay off Craig, and I agree with much of what he says. And don't start on me, I am long, just as you are long. The financial facts are not pretty, however, and Craig made a good start putting it together. This Company is just about where it was several years ago in reporting quarterly financial results (no, I haven't ignored the $86 million in cash, which means that the torture can go on for a long time, or result in success). The main difference is that Ancor has more shares, approximately three times as much, to spread the losses to. If this were three years ago, before the great dilution, we would have seen .33/share loss, .24/share loss pro formas, instead of what we saw the other day. Craig's backing out the earnings on investments is appropriate for .035/share this year, but that would have been an additional .10/share three years ago. But Craig forgot that 700k came from Boeing, and this won't be repeated. So, in summary, the financial results were lousy, except when compared to Ancor's worst. Just my two cents on financial reporting. That being said, this company is depending upon SUN and Hitachi, and if they both don't bring home the bacon, our investment will not turn out well. if they do, we won't be looking at pitiful results such as we just saw. Don't you agree? Ancor had a nice mini run up today, but it looks like there still are many out there who will sell on strength.

To: Ken Richard who wrote (25886)	2/1/2000 3:35:00 PM
From: Joe Wagner	Read Replies (1) \| Respond to of 29386

Craig, The pullback has given you once last chance to say maybe you were right to stay out of Ancor from 3 to 90 and gives you some momentary investment credibility, more so than when it was at 90, but, the question is in a few months, looking back, will it have been your last chance to get back into Ancor, or will you be an investment genius that knew better than to invest at these high levels - I don't think so. Your comments seem to indicate that you believe you were right to stay out of Ancor and still are correct in staying out. I personally bought more at 42, and if I had bought more at 80, I would still be holding it and expecting a very good return on my money in a year or two. I guess we will find out who is right in 6 months to a year. It is interesting to hear your thoughts on the issues and to weigh them appropriately, at this juncture. Good luck with your work! JW