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

To: Greg Hull who wrote (25988)	2/3/2000 5:36:00 PM
From: Eric Somers	Read Replies (1) \| Respond to of 29386

<<Could it be FC is to SCSI as IB is to PCI?>> You are correct. Re warrants: I believe that what was said was that the warrant discount is deductible. I may be wrong, and Steve should be able to clear this up. What makes sense to me is that the full revenue is taxable, but the warrant discount is deducted from that number to get the net taxable income. I did not mean to imply a double tax break. I'm not an accountant though, so someone may want to check on this. Eric