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

To: Douglas Nordgren who wrote (16117)	5/5/1998 9:35:00 PM
From: Patrick Sharkey	Read Replies (2) \| Respond to of 29386

Douglas, as you know, you get what you pay for; talk is cheap; I could lose that case for you for half as much, etc. With all the usual disclaimers, including that anything I post here is the opinion of an investor only . . . in my opinion, the type of damage that you are talking about is damage to the corporation directly, and only indirectly to the shareholders of the corporation such as you and I. Accordingly, the claim belongs to the corporation. In the event that you wish the corporation to initiate a lawsuit, you make demand on the Ancor Board to do so and the Board exercises its business judgment about whether or not to initiate a suit, given the expense involved, time commitment of management, bad press for causing trouble, etc. In fairly narrow circumstances, however, a shareholder may disagree with the exercise by the board of its business judgment and seek recovery on behalf of the shareholder by initiating suit (but you pay, at least initially). This is rare, and the Board is usually left to its own devices to decide whether to initiate a suit, and the reviewing court usually does not substitute its own judgment for that of the Board. So, bottom line, it is up to the management of Ancor and you may wish to contact them to talk it over. Pat