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

To: trendmastr who wrote (14587)	2/20/1998 10:19:00 AM
From: Craig Stevenson	Respond to of 29386

TM, <<Is the $8.5 - $11 million series c figure that was disclosed in that range because that's all management feels they need to compete or are there other reasons for raising just that amount?>> I don't know if there is any way to know for sure, but my take is that this is the amount they felt they needed to get to profitability, with minimal dilution for existing shareholders. More money would have meant additional dilution, and less might have left them short. If storage revenues ramp as expected in the second half of 1998, their financial picture should brighten. Craig