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

To: Ed Schultz who wrote (13165)	12/16/1997 2:49:00 PM
From: Craig Stevenson	Read Replies (2) \| Respond to of 29386

Ed, At the risk of showing my masochistic tendencies, I'll try to respond to your message. <g> <<Ancor's valuation looks pretty cheap for a darn good reason, inability to make sales.>> True. No argument. <<So how long has new management been in place? So how long has the new switch been available?>> Not long enough. <<Back in September (you remember, 3 months ago) everyone said to give it more time, give it more time. Well, now the "knowledgeable" on this board say to give it some more time.>> Yep. Even omnipotent, omniscient Microsoft couldn't respond overnight when they totally miscalculated the rise of the Internet. Remember MSN, or the lack of a decent internet browser? <<First, 1997 was supposed to be the year of Fibre Channel. Now, 1998 is supposed to be. When will these masochistic tendencies end?>> 1998. Possibly sooner. <<You have to admit that we are much better off now than last year at this time. Except for the fact that the stock is off by more than 50%!>> The point I have been trying to make is that Ancor is better off than last year. The investors, at least the short term ones, obviously aren't. <<Get off this boat before the company goes bankrupt!>> I think I'll stay on board a little while longer. <g> Craig

To: Ed Schultz who wrote (13165)	12/16/1997 10:03:00 PM
From: Kerry Lee	Respond to of 29386

Ed, here's my response to some of the issues you raised: <<Ancor's valuation looks pretty cheap for a darn good reason, inability to make sales. So how long has new management been in place? So how long has the new switch been available?>> 1. Between Carla K, Ken H and Steve S, I believe there is a total tenure of 12 months combined for the 3 of them. The "veteran" of the trio Carla,has only been around since July,Ken H since mid-August and the new CFO since October. The rest of the existing crew had their hands tied until the removal of Tim D as VP Sales/Marketing and Steve O as CEO. It is no secret amongst Ancor staff that Cal and Tim did not get along and that Cal played a key role in upgrading Sales/Marketing. 2. The new switch was announced to the world in early Sept while select OEM's and industry partners have been testing beta units since the summer. Revisions and major technical improvements have since been made to hardware and software based on feedback from beta sites. Commercial shipments commence January 1998. How is this process any different than Windows '94, er '95? <<Back in September (you remember, 3 months ago) everyone said to give it more time, give it more time. Well, now the "knowledgeable" on this board say to give it some more time. First, 1997 was supposed to be the year of Fibre Channel. Now, 1998 is supposed to be. When will these masochistic tendencies end?>> There have been 3 significant developments over the past 6 months: 1. New/improved ANCR management team with new Storage OEM focus. Two of the new additions ( Carla and Ken ) have extensive backgrounds in storage. In the past, Ancor lacked the right personnel to attack storage market and leverage industry contacts. 2. MKII launch which addresses the Class 2/3 issue at FULL GIGABIT SPEED at Industry lowest latency and highest level of integration of parts/ASICS in the FC industry, resulting in HUGE reduction in cost to both OEM's and end users. Prior to MKII, Brocade had the advantage of lower cost, lower latency and full gig speed in class 2/3. Brocade no longer has these advantages and is also behind the development/functionality curve re: arbitrated loop. 3. FC is on the cusp of ubiquity. It is now an offical buzz word as is "SAN". Marketing hype? Perhaps, but the hype didn't hurt the ATM market , at least in its formative stages. BTW, I hear that Fibre Channel was listed as one of the "Top 25 technologies for 1998" in the upcoming issue of BYTE magazine. The industry evidence/press continues to mount for Fibre Channel to finally take off in 1998. <<Get off this boat before the company goes bankrupt!>> One would think that the new CEO Ken Hendrickson should know better before "gambling" 20,000 shares/ over $100,000 of his own money on a "bankrupt" company with no future <g>.What an idiot for "throwing away" 3/4 of a full year's salary on a "bankrupt" company like ANCR.