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

To: Craig Stevenson who wrote (13349)	12/30/1997 6:22:00 PM
From: Lancelot de La Rochelle	Read Replies (4) \| Respond to of 29386

Craig, Ice and all, It seems I tend to post only in dire moments, so here are my 2 cents. The two people most responsible for the 18-month-long scorcher nave been neutralized, as expected and predicted back in February/March. New tallent, as we know, is of much higher quality, as is new product, MKII. I cannot comment on new deals, but I know 1998 will be much better in terms of sales. We have to accept that in the short run the FC market and Ancor will not deliver the phenomenal growth rates most of us have been expecting over the last 2 years. I think we are back down to reality now. I still think very low triple digit growth rate of sales is achieveble starting this quarter (compared to the ultimate scorcher quarter of last year). Higher growth rates will come later. Several people (investors) are in semi-oficial contact as well as very private talks with board and management members trying to persuade them not to do another Reg D at these prices. Else, heads might fly again. There is a posibility of a customer equity infusion as well as few other, even better options. Looks like we had longs' capitulation and some short covering today. Personally, I accumulated more today, haven't sold a share. There will be some margin calls/pressure in the coming days, unless we close above 4 within a week. ANCR should be part of a portfolio, not a lone holding, and definitely not a lone margined holding. This lesson should have been learned 9 months ago. Stay the course, if you can afford it. OFF TOPIC Craig, Don't you like it when small companies deliver on time: biz.yahoo.com Thanks yet again; hope you eventually followed your feelings on this one. Should be an interesting day tomorrow. Regards, Lancelot