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

To: janski who wrote (13648)	1/14/1998 12:40:00 AM
From: BuzzVA	Respond to of 29386

I figured.

To: janski who wrote (13648)	1/14/1998 12:57:00 AM
From: iceburg	Respond to of 29386

Janski, Please don't take this as an insult but it is "losing", not "loosing" (base word is 'lose') It is a common mistake that I have seen dozens of times in many member's posts. As far as Q4, 1997. Anyone who sanely owns Ancor's stock is not counting on Q4 numbers to justify Ancor's current or future share price. They are not out of money "NOW" but you are correct in detecting that they do require financing to avoid a "going concern" clause in their year end audit. This, by definition, means they do not have enough cash to carry them into Q3 1998 safely. As far as the forthcoming financing getting resolved to shareholder satisfaction, your thought that it might not get done correctly is speculation and bear hype. What rules do you want to play by? - That which has been announced? - or that we perceive is forthcoming (speculation)? If the Bull's are not even allowed to discuss contracts that we believe are forthcoming (Like Litton and Amoco were 9 months ago), should you be allowed to discuss disasterous future dilution? In the conference call they stated that they expected OEM announcements in 1998. If I were trying to get financing, I would prefer to aquire that financing after announcing at least one such OEM. This would serve to enhance the terms of such financing. Steve B.T.W. When you think about where Ancor actually was when the last Reg-D was done, was $4.88/share really such a rip-off as it seemed at the time, given that the financers should be given a nice discount?