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

To: Greg Hull who wrote (27224)	6/3/2000 2:41:00 PM
From: Nine_USA	Respond to of 29386

Greg, I was really not suggesting the offer of .5275 was unfair to Ancor. I think each company provides very valuable elements which complement the other well in the financial markets. My post derives from exasperation at the record of Ancor being 3 to 6 months late in making some key decisions.

To: Greg Hull who wrote (27224)	6/3/2000 6:35:00 PM
From: Douglas Nordgren	Read Replies (1) \| Respond to of 29386

Greg and Herb, The S-4 contains the "Fair Value" opinions of SG Cowen for QLGC and Goldman Sachs for ANCR. Both opinions state that the 0.5275 ratio was arrived at by ANCR and QLGC negotiations. No insights as to how the number was arrived at, but the number does come up as "fair" in their models. SG Cowen's opinion is contained in ANNEX B (p.55) and Goldman Sachs' follows as ANNEX C. The respective opinions follow as separate posts for the record.