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


To: Craig Stevenson who wrote (13761)1/20/1998 11:57:00 AM
From: GuinnessGuy  Read Replies (2) | Respond to of 29386
 
Craig,

-you wrote-
" I saw that someone on The Motley Fool said that according to
Vicker's, IBM owns 970,000 shares of ANCR as of the week of 1/18. I went back to the Schedule 13G dated January 20, 1997, and they had 865,000 shares, down from 1,200,000 in 1995."


I just got off of the phone with Steve Snyder(CFO) and he thought that there has been no change in IBM's ownership in the last year. It was his opinion that the 970,000 shares was in error(i.e.- too high).

I also asked about the timing of the Sun announcement for a switch vendor and he said that there may not even be such an announcement until after the vendor of choice starts shipping. He went on to say that this might not be until the second half of the year.

He also said that they were looking at an fourth quarter earnings release date of Feb 17.

Craig



To: Craig Stevenson who wrote (13761)1/20/1998 1:45:00 PM
From: Wayne Pollard  Respond to of 29386
 
Craig,

On or about Dec 28th, I printed to Top Insider's List that showed IBM at 950,000 shares. I was going to answer the "previous" post that said IBM sold all--that's not true.

VR,
Wayne



To: Craig Stevenson who wrote (13761)1/21/1998 12:55:00 AM
From: Kerry Lee  Read Replies (2) | Respond to of 29386
 
Sorry Craig, I do not know the exact status of IBM's investment position in ANCR. Suggest you ask Janski and his lively comrade JOE6PACK .

PS - I assume you are aware that Frank McEvoy has left Kinnard and is now at Piper Jaffrey. His understudy/replacement Mike Latimore wrote the most recent report on ANCR which was on First Call. He is the analyst who is estimating Q4 revenues at only $1 million.