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

To: Bob Frasca who wrote (26051)	2/8/2000 5:07:00 PM
From: ShamukE	Respond to of 29386

Bob If you look at my previous posts you'll see that I've been saying that all along.Correct me if I'm wrong but the discount is based on the discount on the stock but it is actually a discount on the switch. I agree with you when you say that it doesn't amount to anything as far as current cash flow is concerned. HAGO

To: Bob Frasca who wrote (26051)	2/9/2000 1:51:00 AM
From: Eric Somers	Read Replies (2) \| Respond to of 29386

I don't want to beat a dead horse, and believe me, this horse is dead, but I can't agree. If you take to identical companies, and one sells the shares to SUN at $7.30 per share last May and banks the money, and the other one issues warrants as ANCR did, and they both sell the same amount fo product, the one that sold the stock and has better GAAP earnings is the one that I would invest in (and that I would argue would be valued at a higher level). This was a relevant issue to institutional investors at the BofA conference. Hindsight is 20/20, but I think ANCR would have been better off with an INTC style investment than the SUN warrants. Eric