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

To: Nine_USA who wrote (26783)5/8/2000 3:29:00 PM
From: Bob Frasca  Respond to of 29386
 
Am I again smoking something, or is the deal off if
ANCR drops to 31 (or lower) ?

Where did you hear that? Not in any announcement that I've seen.

This is the first day after the announcement. It will be weeks before all of the ramifications of the deal are absorbed by the market and reflected in the stock price. QLGC announces earnings on Wednesday and I am personally expecting good news. We'll see what the market has to say on Thursday.



To: Nine_USA who wrote (26783)5/8/2000 3:30:00 PM
From: nic  Read Replies (1) | Respond to of 29386
 
Am I again smoking something, or is the deal off if ANCR drops to 31 (or lower) ?

In the conference call it was specifically stated: "no price collars". Must be a flashback Herb. :-)

More interestingly, there was "no comment" on whether Ancor has to pass any milestones for the deal to go through, and ditto for what the backout penalty is.

- nic


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