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

To: Wayne Pollard who wrote (11992)	10/30/1997 10:39:00 AM
From: Craig Stevenson	Read Replies (1) \| Respond to of 29386

Wayne, <<Is it possible that the "presentations" that ANCOR gave to investment firms painted the picture that we know NOW... which has led to the 12->8->??? decline. And... that though most thought these presentations would have "immediate share price impact" it will be "Second Quarter '98 or beyond impact?">> I suppose anything is possible, but I doubt that they painted a gloomy picture of the future, based on Frank McEvoy's (Kinnard) research report. I think it is safe to say, based on the conference call, that whatever OEM deals for the new switch are signed in the next couple of quarters won't have a material (revenue) impact until Q3 or Q4 of 1998. I don't know how those deals might affect the stock price, if or when they are announced. Last time around, the Sequent announcement caused a major price increase, but that was a different market. <<The future keeps looking brighter and brighter as the stock price goes lower and lower (amazing phenomenon).>> Yes, this has certainly been a frustrating experience. The future for Fibre Channel looks brighter than ever, but the stock price of ANCR doesn't reflect that at all. I guess the nay-sayers win this round. (And the last few. <g>) Craig