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

To: Craig Stevenson who wrote (25955)	2/3/2000 12:33:00 PM
From: Greg Hull	Read Replies (4) \| Respond to of 29386

Craig, <<I have never owned Brocade stock>> Let's pretend for a moment that you had a rich uncle who left you 1000 shares of BRCD. You did not have to fret over valuations; you were just bequeathed it. This would certainly be a sum worth your time to consider the impact on your family. Would you sell it immediately? Would you hold on to it for future price appreciation? How would you view Brocade's competition? What would make you uneasy about Brocade the company? (I suspect you've never owned an equity about which you had no concerns or reservations <g>) How would you view Ancor as a threat to the value of your inheritance? There are a thousand reasons to be dissatisfied with ANCR. In my mind the question is are there enough reasons to think that ANCR will do well enough to provide a decent return. My opinions of Ancor management, product offerings, Keylabs testing, etc. are immaterial. Potential customers' opinions on these matters are highly material. If the customers vote yea with their pocketbooks, I will do well financially. If Ancor announces a few more major OEM contracts this year, the shortcomings of the MKII won't matter. Greg

To: Craig Stevenson who wrote (25955)	2/13/2000 9:27:00 AM
From: Eleder2020	Read Replies (2) \| Respond to of 29386

Craig -good to see you back here-however some of your statements leave me to believe you never quite understood what you were holding for 3 years before you sold the seats way to cheap and here you were the teacher. The SUN deal was a good deal all around - Gave Ancor instant credibility tied to a Revenue stream that at least can set a bar for Ancor and all for 5% dilution -We saw 100% dilution for $8million in the Reg D. I can live with 5% dilution for $100M. Added additional OEM's in Hitachi, MTIC (which has been ramping nicely-watch them next quarter). The switch market will be in the Billions - I guess you didn't believe some of your own comments about where the market was going is all I can figure as why you would sell at $3-$4. >>>2. It is a concern that other customers will want a similar, sweetheart deal, and if they don't get it, will go elsewhere.<<< The sweetheart deals will now come at a very expensive price like $43 a share as of today- Not an attractive proposition except for Gorillas like Intel who happened to think it was a good deal at $52. I don't think this type deal is quite so attractive at these prices for many or others as they have been made at market prices at time of deal. 3. For me the biggest reason I don't like the warrants is this. If Ancor's product is so superior, why do they have to provide any incentive AT ALL! Why can't the technology and the company STAND ON ITS OWN! This has been a burr under my saddle ever since the days of the floorless convertible that ballooned the number of shares. Ancor should concentrate on selling switches, not stock. Ancor sold stock to Intel at $52 -looks like a good deal from my side here - Ancor gets seed money to work for the Infiniband community which is getting closer to being realized everyday. (Geez-Intel has shown some muscle in this one)- Craig -you buy that Brocade passed on Intel and then turned around and decided they would play in Infiniband after all; this time without the Intel endorsement. By the way the company that Cisco bought for $220 million was Granite which had $0 Revenues and the purchase was 3 years ago- I would argue back then that Ancor at a minimum was worth the $220 mil. A billion $'s was never out of the question in my mind going forward -that's why I invested in the first place in the speculative stock from Minnetonka. Sometimes you have to see the forest through the trees and for that I'm sorry you missed out on Ancor as I really learned alot from you and in part sitting here happily because of the knowledge you threw our way. So even though you are now short <G>....... I'm glad to see you out here. Now I begin to understand why my University professors were always driving two -tone VW's and the former students coming back to visit had Porshes (just kidding Craig) My Best- Ed