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

To: Craig Stevenson who wrote (12151)	11/2/1997 2:09:00 PM
From: KJ. Moy	Read Replies (2) \| Respond to of 29386

Craig, Nice to hear from you. From Ancor's website, <<<Two-for-one demo: Going to COMDEX? Don't' miss Ancor's new GigWorks MK II switch in the FCLC(Fibre Channel Loop Community room, N250. Ancor's new product will bridge the SCSI and IP worlds with simultaneous video and direct-attached storage interoperability demonstrations: On the storage side, the switch will connect a Sun server and Jaycor adapter to a Unisys OSM public loop of Seagate Cheetah disks. The system will move high-speed fluid motion dynamic simulation data at over 40 megabytes per second using connectionless Class 3 service. The networking application is a four-way video teleconference using standard PCs. The demonstration highlights Fibre Channel LAN bandwidth as the MK II directs three streams of full-motion uncompressed video over a Class 1 connection at 55 megabytes per second.>>>>> I guess class 1 service does have application <g>. KJ

To: Craig Stevenson who wrote (12151)	11/2/1997 9:06:00 PM
From: Roger Arquilla	Read Replies (4) \| Respond to of 29386

Craig, My wife was wondering what happened to you during this tumultuous week. I was off line during most of the bad days do to computer problems and I am convinced it was probably for the better. I hope your medical crisis had a favorable outcome. Your return post reflected many of my thoughts. In particular, Ancor's apparent lack of concern towards their investors. I know that we are all big boys and girls and have to be responsible for our own actions, but there also comes a time when good faith and loyalty need to be recognized. I feel it was entirely uncalled for that Ken announced projected lower 4th quarter earnings, on the heels of less than stellar 3rd quarter losses. This was a case of honesty is not the best policy. Surely he knew that it would carry a negative impact on an already unstable stock price. This company needs all the support it can get. Why anger investors that have supported you for so many years when there is no purpose to such an announcement. We have enough bad news keeping the price down without volunteering unnecessary information. I don't understand his need to have made that projection. Roger

To: Craig Stevenson who wrote (12151)	11/3/1997 12:09:00 PM
From: Alan Aronoff	Respond to of 29386

<<George is correct that Ancor needs some cash flow from OEMs as soon as possible. An equity investment would also be better than a Reg S or Reg D. I remember back when Intel made an equity investment in MRVC. It wasn't viewed as a negative at all, in fact it was viewed as an endorsement of the company and their technology. Ancor needs that type of endorsement.>> Craig, I was thinking along similar lines. I actually took a look at MRV's revenue growth and related stock price growth over the weekend and found it to be very similar to what I imagine seeing (hoping) occur with Ancor. Simply food for thought... Currently MRV has 23.5 Mil shares outstanding with a $700 Mil market cap ($30 a share). It trades at 5x trailing twelve month sales. Double the following listed stock prices in order to compare to Ancor as MRV has approx twice as many shares. Revenue (in thousands) and related stock price on last day of each quarter. 1994 March 2,759 $1.72 June 3,846 $2.20 Sep 4,731 $3.45 Dec 6,190 $4.04 Total 17,526 1995 March 6,737 $4.91 June 8,310 $4.45 Sep 11,135 $7.13 Dec 13,020 $8.45 Total 39,202 1996 March 15,529 $15.80 June 19,586 $21.38 Sep 22,664 $26.50 Dec 31,036 $21.75 Total 88,815 1997 March 35,564 $22.25 June 39,528 $29.50 Sep 41,979 $36.50