Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Kerry Lee who wrote (12836)	12/2/1997 11:49:00 PM
From: BuzzVA	Read Replies (2) \| Respond to of 29386

Hey Kerry, I'm with you 100% re: ANCR. Been riding this "Bull" for a long time now. I put more weight on your opinion than most. Thanks. (And no, ed, I'm not sucking up for an increase in my allowance) The only thing I can't figure out is why you're a Sonics fan. <g> BTW, sorry 'bout the Wizard's game tonight. Musta been a first-time-in-the-new-MCI-arena thing.

To: Kerry Lee who wrote (12836)	12/3/1997 10:34:00 AM
From: Craig Stevenson	Read Replies (2) \| Respond to of 29386

Kerry, <<It appears that the report was written on Nov 28/97 as it has a chart showing the ANCR price at $5.72 as of Nov 28. The "BUY ZONE" for ANCR is listed as 5 1/2-7 with a stop loss set at 5. They have a 3-6 month price target of $10.>> There isn't any doubt in my mind that ANCR has gotten beaten up beyond reason, although it certainly could continue for a while without significant news. There was a guy on CNBC a couple of days ago that was talking about tax-loss selling and the January effect. He said that tax-loss selling pretty much dries up after the first week in December. He also thought small caps would benefit from the January effect. (I don't remember his name.) The recent Brocade news releases have caused me some consternation regarding Ancor's ability to woo the press, but as others have correctly pointed out, they really need to sign customers. The press will follow under that scenario. Unfortunately, it is my nature not to give up easily, and getting some free publicity, like Brocade does on a regular basis, seems like a no-brainer. Portions of the Brocade news serve to reinforce my view of the overall Fibre Channel market. The only part of my view that has changed is that I had Ancor at #1 and Brocade at #2. <g> I find it extremely interesting to view the astronomical valuations and revenue projections that have been given. I don't believe all of them, but there is clearly a steep ramp ahead for many of the companies involved in Fibre Channel. If Ancor can deliver, they should be able to garner a portion of that market. To paraphrase someone on Douglas' Fibre Channel thread, past results are no guarantee of future performance, and that's what we are betting on. A great line, by the way. <g> Craig