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

To: Craig Stevenson who wrote (14161)	2/6/1998 3:01:00 PM
From: srvhap	Respond to of 29386

Not sure if this was posted. May explain a little or the renewed interest. Subj: Date: 2/5/98 3:00:05 PM Eastern Standard Time From: alertline@aol.com 2/5/98 2:00pm EST As is often the case after a large major market move, attention over the last few days has switched from smaller stocks into large caps in the major indices and especially the NASDAQ comp. The Dow is starting to churn, although it wants to go higher. IT probably will, sentiment has not switched to overly bullish yet, as we see so often at a market top. Barring any uneasy news the market should continue up Friday, to close the week strong. Early next week, we will be keeping our ears open for any of those overly bullish signs, that would indicate to us the market is due for a pullback. As far as how to deal with it, as those of you who have been with us for a while know, we try not to chase rallies in the indices, nor will we chase these bigger name stocks. We will be buying when everybody is thinking about selling, when the after the next pullback. With these smaller stocks, you will see that they tend to perform not as well when the majors rally. CGIC for example has pulled back slightly, last friday we told you we were not looking to "trade" CGIC on the earnings release, we were more interested in the plans for future acquisition and expansion. If you read the release, you saw that the company's Chairman indicated that they were close to a new acquisition that would more than double revenues and earnings. We were very pleased to see this, and we feel it is important that you remember that this is only the first of 3 acquisitions anticipated for 1998. We strongly recommend that if you have not yet bought the stock, you consider doing so now. If you originally were not able to get filled on the amount of shares you wanted, consider doing so now, and on any weakness. Lastly, we would say that a number of you thought we were crazy when we recommended averaging down in ANCR at $4 1/2 and lower 5 or 6 weeks ago. The stock has made a move as high as $7 5/8 earlier today. Now our mailbox is full of people asking whether or no they should be buying it. The answer is, you should have been buying it when we recommended it then. I'm sure that in 5 or 6 weeks from now we will go through the same thing with CGIC. Rather than do that, rather than sit there and watch it, you should be buying it

To: Craig Stevenson who wrote (14161)	2/6/1998 4:09:00 PM
From: Neil S	Respond to of 29386

Craig, Morgan Keegan FC Investment Conference morgankeegan.com Select FC Conference ( i lost the direct link) Looks like the IPO business is more attractive than other forms of financing if you are an Investment Banker. Reading between the lines i am guessing that MK finds the lure of some of the Brocade IPO action compelling enough to limit the switch company presentations to one. Oddly enough they picked the one with near term IPO potential <g>.Vixel, Gadzooks and Cossroads Systems all must be candidates for an offering at some point as well. In any event, having an Investment Conference on Fibre Channel and the resulting table pounding of IPO's will be positive for all participants. Nice to see some big name participants as well. Neil