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

To: Greg Hull who wrote (16005)	4/29/1998 11:59:00 PM
From: Alan Bershtein	Respond to of 29386

So if I am understanding you correctly, you are suggesting that the VCs behind Brocade have approached Ancor about a buyout, and Ancor needs a few more shares authorized in order to buy Brocade before the IPO. Do I have this straight? No that was not my thinking. The proposal states that purpose of the amendment would be to take timely advantage of market conditions and the availability of favorable financing and acquisition opportunities without the delay associated with a special shareholders meeting. I was thinking the next round of financing may take the form of an investment from a major customer. Something like INTC's investment in ETEC or MSFT's investment in LHSPF. IBM seems like a logical candidate. A merger with someone else, Ciprico, for example, may also make sense. Others can probably speculate better than I on who the best candidate may be. Increasing the authorized shares simply increases managements options (bad choice of words)...increases managements array of possibilities. As I see it, I am betting on the competence of Ken and the Board. They have requested and recommended increasing the shares authorized. I see no reason to deny their request and reject their recommendation. A marriage with Brocade? Wouldn't that be like the Red Sox merging with the Yankees?