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


To: Douglas Nordgren who wrote (27220)6/3/2000 2:02:00 PM
From: Nine_USA  Read Replies (1) | Respond to of 29386
 
<<On March 2, Mr. Desai telephoned Mr. Hendrickson and suggested that a
combination of Ancor and QLogic should be considered. On March 8, Ancor signed a
non-disclosure agreement prepared by QLogic dated March 6>>

On March 2 QLGC was 140 3/4. It was to touch 203 3 days later.
On March 2 ANCR was 54 3/4.
On March 2 the .5275 QLGC share per ANCR share was worth 74 1/4.

This was at the peak of the NASDAQ bull market.
The merger must have looked like it had nowhere to go but UP.



To: Douglas Nordgren who wrote (27220)6/3/2000 5:48:00 PM
From: Pigboy  Respond to of 29386
 
<< Ancor had 4 competing suitors. Any guesses as to who companies A,B,C, & D were? Company A's interest dates back to November 1999. QLGC's overture commenced in March. >>

Thanks for the interesting post Douglas...Wow, a lot of us had heard rumors of a Zoox merger, but jeez...it really says something about Ancor's unique position here going forward that 4 companies other than Qlogic were looking to get in the great technologies at Ancor. For a good story, this stock never disappoints. Who's writing the screenplay? ;-)

pigboy