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

To: Greg Hull who wrote (27230)	6/4/2000 12:46:00 AM
From: KJ. Moy	Read Replies (2) \| Respond to of 29386

Greg, <<- the amount of dissenting Ancor common stock shall not exceed 5% of the common stock outstanding;>> I believe the words 'dissenting Ancor shares' has special meanings. From the S-4: <<<Dissenters' appraisal rights (Page ) Under Delaware law, QLogic stockholders are not entitled to dissenters' or appraisal rights in connection with the merger. Ancor shareholders may exercise dissenters' appraisal rights in connection with the merger. Any shareholder exercising dissenters' appraisal rights will be required to follow the procedures prescribed under Minnesota law and will receive cash for the shareholder's Ancor shares. If a shareholder fails to follow the proper procedure for exercising dissenters' appraisal rights, these rights may be terminated or waived.>>> The question is, why would anyone go through this procedure to receive cash instead of selling his/her shares in the open market anytime he/she wishes. I have no clue. Anyone? KJ