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


To: Patrick Sharkey who wrote (12861)12/3/1997 1:56:00 PM
From: JB  Read Replies (2) | Respond to of 29386
 
There is definitely something positive going on with the company. Top management has been in meetings for the last few days without any calls back to shareholders. The Sun deal is close to the announcement time within the first two weeks of December. My opinion is that Sun will award the contract to more than one company, but Ancor will get a very large share. The company is extremely quiet. Something is going on behind the closed doors. Thursday has always been the day they like to post news.



To: Patrick Sharkey who wrote (12861)12/3/1997 2:00:00 PM
From: John Curtis  Read Replies (1) | Respond to of 29386
 
Patrick: "Volume hugh." Eh??? I hate to disagree but I consider ~46,000 shares traded at 1:30 to be pretty meager myself. But that's okay in light of recent days activity combined with the NASDAQ blowoff in tech stocks. Although I got a "for giggles" bid to buy at $3.5, it appears the slide has shallowed out, so perhaps we're near/at bottom. If so I expect the stock to wallow around sideways with a slight negative bias until the usual end of year nuttiness is past. Assuming it stays around the $5 range until year-end I expect to jump in come January 1(or thereabouts).

Regards!

John~