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

To: Mr. J. Kyle Hibbs who wrote (12334)	11/7/1997 11:46:00 AM
From: THOMAS GOODRICH	Read Replies (1) \| Respond to of 29386

Mr. Hibbs, $41/share a year forward while realistically possible given forecasts by the Gartner Group and others on the emergence of Fibre Channel will ultimately reflect the performance of the Ancor management team as well as others in the industry. ANCR flirted with $41 a little over a year ago, in fact, with a less clearer vision. Given the erratic trading patterns of this stock as well as the overall market in general, ascention will not likely occur in a straight line. Based on what I've observed thus far, I feel the Ancor management team while perhaps not particularly savvy at dealing with the investment community are making inroads with respect to technical innovation and channel relationships. With the ouster of a former CEO, staff reassignments and additions from Cray Research it appears the company is moving forward. As to hanging in, I really don't feel I have a choice at this juncture as I've already margined-out a couple of times. I can't see it getting much worse than this! Tom Goodrich