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

To: janski who wrote (14149)	2/6/1998 12:50:00 AM
From: THOMAS GOODRICH	Respond to of 29386

You make a good point on ANCR being speculative lacking fundamentals like revenues, earnings, money in the bank, etc. I would wager in essence Ancor has none of those fundamentals, but, such is the nature of high technology business. YAHOO! for example is devoid of the kind of fundamentals investors should base their investing decisions on yet the company is trading at stratospheric multiples in anticipation these fundamentals may actually one day be realized or if they're not one will be able to exit before the stampede. In actuality is a measuring stick a good predictor of how well the company will do down the road? Based on earnings thus far, YAHOO! it is evident the company is trading on emotion. IMO, that is not prudent speculation. Ancor on the other hand, fundamentally looks as pitiful as the majority of other small caps on the exchanges. Many feel the future of Ancor, its principals and technology are worth betting on. I believe that if anyone thought there were big imminent OEM deals about to be announced ANCR would trading at least in the teens. Expect to hear about some OEM deals by mid summer. Tom Goodrich