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

To: peter grossman who wrote (13209)	12/17/1997 8:24:00 PM
From: THOMAS GOODRICH	Read Replies (3) \| Respond to of 29386

Peter, Admittedly the stock looks pretty bad at the moment and one is left to ponder when or if and by how much the share price is likely to recover. It will take more than just announcements of OEM deals for any sustainable appreciation in the equity value. Projections for 1997 and prior obviously were overly optimisitc, however, projections for late 1998 and beyond could actually err on the conservative side. The outlook for Fibre Channel is very favorable according to many well reputed research organizations. Naturally without a crystal ball no one can say with absolute certainty that Ancor will indeed be the major player or a significant player or even remain a going concern. However, knowing what I know about Ancor and the team, their track record thus far and by making reasonable caluculated projections going forward, I am highly confident this company will become profitable like many others in this arena. While I do not particularly enjoy seeing persistent erosion in the stock price daily, I believe what is occuring is more a market event with respect to the tech sector in general, the recession in Asia and no new news from headquarters more so than a cloudy outlook. Add to that scenario the consequence of investors not able to make margin calls, tax loss selling and others just losing it altogether and the end result is the major meltdown we're experiencing now. I am sure the private placement holders are anything but happy campers right now but, those staying the course should be well rewarded. There are many reasons to be optimistic that Ancor, Brocade and the other "anchors" will in time become profitable. Tom Goodrich