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

To: Craig Stevenson who wrote (15484)	3/31/1998 10:24:00 AM
From: Patrick Sharkey	Read Replies (1) \| Respond to of 29386

Craig, the legal expense number is astonishingly low, and leads me to wonder what period of time is covered in that number.

To: Craig Stevenson who wrote (15484)	3/31/1998 10:30:00 AM
From: Nine_USA	Read Replies (1) \| Respond to of 29386

As Ancor contracts out its manufacturing, why would more space be needed in 1999? How many Ancor employees are based at its headquarters? How much space is currently available at its headquarters location?

To: Craig Stevenson who wrote (15484)	4/1/1998 2:23:00 AM
From: Amy Feller	Read Replies (1) \| Respond to of 29386

Craig.. I just perused parts of the 10k and found some other interesting things.. such as they've adjusted their numbers for Q4 of 97 and 96: Is this not news? Or did I just miss a previous announcement? NOTE 10. FOURTH-QUARTER ADJUSTMENTS 1997 FOURTH-QUARTER ADJUSTMENTS: After experiencing further difficulties with the collections from certain of its customers, most notably the value added resellers, the Company increased its allowances for both future product returns and bad debts by a total of $543,000 during the quarter ended December 31, 1997. In addition, in connection with a revision to its business plan to not actively promote certain of its products which have been replaced by more technologically advanced versions, the Company increased its allowance for obsolescence by approximately $482,000. These adjustments had the effect of reducing fourth- quarter sales by approximately $530,000 and increasing the fourth-quarter net loss and net loss per common share by approximately $1,025,000 and $0.09 per share, respectively. 1996 FOURTH-QUARTER ADJUSTMENTS: In the fourth quarter of 1996, the Company made significant adjustments relating to customer cancellations of sales made in prior 1996 quarters, the recording of product returns reserve (discussed in the accounting policies relating to revenue recognition), inventory reserves and write-offs, and other asset write-offs. These adjustments had the effect of increasing the fourth-quarter net loss and net loss per common share by approximately $944,000 and $0.09 per share, respectively. I also noted that they talked about Hucom being their only customer and that's coming to an end. I no longer own ancr, selling off for the tax loss at the end of last year, but I wish it and holders the best. Amy