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


To: Craig Stevenson who wrote (13361)12/30/1997 8:46:00 PM
From: mike fredricks  Read Replies (2) | Respond to of 29386
 
I sure hope 98 is a better year. i sold some to get the tax advantage. If i sold it all i would have the leave the loss carry forward to my grandchildren.

IS management planning on making any announcements and is the company ever thinking of buying back its own stock? This would show that they have a vision and show the analysts that they believe the stock will rise.



To: Craig Stevenson who wrote (13361)12/31/1997 3:44:00 PM
From: Lancelot de La Rochelle  Read Replies (2) | Respond to of 29386
 
Craig,

I am impressed with your work and dilligence. This, along with seeking/excersising some degree of concern/control over the board and the top management is what a shareholder needs to do during this times, not just cry foul. I've been trying to help out too but I am not even close to your number of leads. Still, there are big companies out there well aware of Ancor in particular and FC in general. It's taking longer than expected, though, for anything to materialize - I have settled and I am comfortable with that thought.

Investor friendly package is doable. One of my other Minnesota companies <g>, Global Maintech, was able to do a quite impressive financing this summer. Actual sales are still less than 4M/Y, competition is tense in their industry - Tivoli (IBM), and CA to mention two - yet someone lent them $2M in non-convertible notes. Perhaps we should get the two management teams together for an Ice (pun intended) fishing weekend <g>.

OFF TOPIC

POCI is well ahead of itself at these levels, but that, for me, is not a reason to sell. I'm in for the very long run. Good thing the reaction today is not ahead of itself.

Happy New Year!

Lancelot