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

To: Eric Somers who wrote (25985)	2/3/2000 4:32:00 PM
From: Ken Richard	Respond to of 29386

Thank you so much for an objective, substantive report and discussion of the facts.

To: Eric Somers who wrote (25985)	2/3/2000 4:35:00 PM
From: Greg Hull	Read Replies (1) \| Respond to of 29386

Eric, Thanks for the great write-up of the BofA presentation. I love the Internet. << Warrant sales discount will not hit top line revenue as it is a discount to sales. Discount is also tax deductible>> Not that I doubt this was said, but I can't believe the IRS will let Ancor keep a big wad of cash without getting a slice of it. This does not make sense to me and if really true, is a great loophole that more companies will want to use. The warrants add incentive for SUNW to buy from Ancor, which causes the share price to go up, which increases the tax deductibility of the sales with no loss of cash to Ancor. Can this really be true? <<This was a helpful analogy to me, a non technical person: FC is to SCSI as PCI is to IB (fwiw)>> Could it be FC is to SCSI as IB is to PCI? Once again, thanks Eric for taking the time to fill us in. Greg

To: Eric Somers who wrote (25985)	2/3/2000 4:37:00 PM
From: Douglas Nordgren	Read Replies (1) \| Respond to of 29386

Eric, Thank you for the report, it is heartening to see that many of the concerns that had been voiced were addressed by the conclave. And I believe the S&GA and R&D percentages were presented as percentage growth numbers, not revenue percentage numbers? Douglas

To: Eric Somers who wrote (25985)	2/3/2000 4:51:00 PM
From: KJ. Moy	Read Replies (2) \| Respond to of 29386

Eric, Thank you very much for the BofA conference report. It is one thing in listening to the cc call. It is interesting to hear the high level of analysts interest during a tech conference. I wouldn't be surprised that some of today's buying were generated from the conference. While I agree with you the revenue ramp is slower than expected, I happen to think they may be a little conservative in that regard. What interested me also is the diagnostic software which can detect 'foreign' devices on the SAN. Something like that should not take long to write. In my experience, good tech programmer can write it in a few days. Testing it to satisfaction may take few more days. Schedule for QA and production implementation takes the most time. BTW, it is SUNW's responsibility. Thanks again. KJ

To: Eric Somers who wrote (25985)	2/3/2000 6:00:00 PM
From: w2j2	Respond to of 29386

Eric, Thanks! It is reassuring to hear that Ancor is working so hard on interoperability. I agree this is critical. Also, the fact that the Sun delay is Sun's software and not the switches is good news as well. Ancor continues to take the high road, and eventually it will pay off. wj

To: Eric Somers who wrote (25985)	2/4/2000 9:21:00 AM
From: ShamukE	Read Replies (1) \| Respond to of 29386

When the stock tanked a while back, the point that I tried to make very emphatically was that ANCR should have hit the wire as soon as they saw the shortfall. They could have put their own spin on things and they would have preempted some unfavorable spin. Right now you're saying that the Co. can see no reason for the stock acting as it is. I can agree with them and say that there is nothing now that didn't exist on the way up to $90+. That is nothing except that investors have lost a bit of trust. If the ramp isn't going to come until Q3, Q4, my guess is that the stock will trade in a range until then. Unless, the company comes up with some PR that is "knock your sox off". Understand, I'm not saying BS. I'm saying something like " we have been chosen as OEM by***, the estimated annual sales to this customer is approx. 150Mil. I've said this all before. Is it any more believable now then it was then?