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

To: Nine_USA who wrote (26832)	5/10/2000 1:12:00 PM
From: George Dawson	Read Replies (1) \| Respond to of 29386

"Am I smoking something again?" Herb, Like it used to say on the pack: "Wherever particular people congregate"... I think it makes sense as a hedge against the failed deal short term and only if the tax consequences are carefully considered. I agree with you, I don't think a "bidding war" is in the making, especially if the big guns decide they can afford to wait for SCSI over IP over etherwhatever storage. It will be the lack of competitiveness in the FC arena, as marked by the failed deal that could facilitate the waiting decision. BTW - regarding Ancor as a trailing stock - I looked at the total action on I-Watch yesterday (the pie diagrams) for both Ancor and QLogic. At the time I looked they seemed remarkably similar in terms of precentages. George

To: Nine_USA who wrote (26832)	5/10/2000 1:41:00 PM
From: GuinnessGuy	Read Replies (1) \| Respond to of 29386

Herb, RE: "Am I smoking something again?" Your name says it all. -g- Another thing to consider with regards to selling Ancor and buying QLGC is that - at least with Schwab - one gets more buying power owning QLGC(50% margin requirement vs. 70%). Keep in mind though, that with QLGC's recent volatility that Schwab may adjust the margin requirement at a moment's notice, just like they did with Ancor. Craig

To: Nine_USA who wrote (26832)	5/10/2000 1:41:00 PM
From: KJ. Moy	Read Replies (1) \| Respond to of 29386

Herb, <<Since ANCR is selling at a mere 3-4 percent discount to the exchange value of the QLGC, I thought it made sense to sell some of my ANCR and buy the equivalent position in QLGC. If the deal takes 3 months to completion, the chance that the deal unravels may result in a higher discount for ANCR which would bring ANCR price lower relative to the QLGC price.>> If you have shares which were bought, let say last September, and will be qualified for long term gain come September-2000. If you sell now, they are short term gain/loss. If you wait for the conversion later, then your shares of Ancor will qualify for long term gain come September. Some of my shares are in this category. And, if you wait, (assuming you want to hold QLGC shares after the conversion), you can ignore the market discount. You will receive the full conversion rate, i.e. more QLGC shares as suppose to sell ANCR and buy QLGC now. KJ