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

To: Pigboy who wrote (13151)	12/16/1997 9:04:00 AM
From: ed doell	Read Replies (1) \| Respond to of 29386

>>My time frame and many others lurking happens to be a little longer than a week.<< I have no idea what you are talking about. Most of the holders of ANCR I know about have been in it a very long time, too long IMHO. Your week (weak) comment comes from ... so far as I can tell. So my wish for good luck has nothing to do with you...feel better? Ed

To: Pigboy who wrote (13151)	12/16/1997 9:48:00 AM
From: Craig Stevenson	Read Replies (2) \| Respond to of 29386

Pigboy, Unfortunately, us long-termers are now looking to 1998, the same way we looked to 1997. Somehow, I get the impression that 1998 will finally vindicate us. <g> Here is another often overlooked point, and that is valuation. Some of us have speculated that the Brocade IPO could be valued somewhere around $500 Million. Even figuring a 4:1 overestimate, that leaves them somewhere around $125 Million. At current levels, Ancor has a market cap of only $60 Million. Is Brocade twice the company that Ancor is? Or four times the company? Or eight times the company? I don't think so. By most accounts, Ancor has the superior switch. Isn't that technology worth at LEAST $60 Million? $60 Million is pocket change for some of the big names in this industry. I don't want to see a buyout, but at these levels, I think it becomes more likely. Craig