SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?


To: w2j2 who wrote (29361)2/3/2006 11:21:00 AM
From: Carolyn  Respond to of 29386
 
Ha! I remember that guy very well. I am glad he got his due.



To: w2j2 who wrote (29361)2/3/2006 2:51:29 PM
From: Greg Hull  Read Replies (1) | Respond to of 29386
 
Hello Walter,

It's been 10 years this year for my ANCR/QLGC holdings, and interesting times. If I had a magic pot to turn back time, I could have done pretty well. Of course those private placement investors had the next best thing with stock warrants tied to the lowest price in the last 30 days, or whatever. Guaranteed money maker. Lots of missteps by me and Ancor - LAN rather than SAN, buying rather than selling, etc. BRCD made it more interesting. Remember the guy who came around as a "disinterested" consultant? Funny, he disappeared at the same time the lock-up expired on the BRCD insider shares. Never quite had the $100 party for ANCR, did we?

So anyone know the motivation behind the QLGC split yesterday? It's far from GOOG range. Why increase the share count?

Cheers to everyone,
Greg



To: w2j2 who wrote (29361)7/20/2006 4:17:04 PM
From: Greg Hull  Read Replies (1) | Respond to of 29386
 
<<Ancor Veterans:
Do you remember Greg Reyes? The Brocade CEO who used every dirty trick to undercut Ancor whenever we had an OEM deal?

Check this out! yahoo.businessweek.com >>

Here's a follow-up

==========================================================

US SEC sues ex-Brocade CEO Reyes on stock options
Thu Jul 20, 2006 3:36pm ET

Email This Article | Print This Article | Reprints

[-] Text [+]

WASHINGTON, July 20 (Reuters) - The U.S. Securities and Exchange Commission said on Thursday it filed a complaint in federal court charging Gregory Reyes, former chief executive of Brocade Communications Systems Inc. (BRCD.O: Quote, Profile, Research), with misconduct linked to stock option grant practices.

In the first civil charges to emerge from the unfolding options timing scandal, the SEC alleged that from 2000 to 2004, Brocade concealed millions of dollars in expenses from investors and overstated its income by falsifying records relating to employee stock option grants.

"The fraudulent scheme was orchestrated by former chief executive officer Gregory L. Reyes, who routinely backdated documents and evaded rules requiring Brocade to publicly report these compensation expenses," the SEC alleged in its complaint filed in U.S. District Court for the Northern District of California in San Jose.

© Reuters 2006. All Rights Reserved.