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

To: joe v who wrote (14460)	2/19/1998 8:52:00 AM
From: iceburg	Read Replies (2) \| Respond to of 29386

I like that the Reg-D holders that held on were rewarded with the opportunity to supply the next round of financing. I also liked that the shares are not automatically converted until the year 2001. It appears these guys might be in for the long haul. The testimonial from IBM was very nice. I think the entire FC community will glom onto that one. The special charge was special. I suppose we are still cleaning out useless inventory from the previous team. With a market cap of around 100M, I guess a 1M write-off isn't going to damage their real value though - whatever that winds up being - somewhere between 0 and 1Bill I suppose. On track on OEMs sounds nice. Steve