Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: George Dawson who wrote (16901)	6/29/1998 7:53:00 PM
From: Craig Stevenson	Read Replies (2) \| Respond to of 29386

George, What gives me some pause in all this is that to my knowledge, AR/Bullstroke has NEVER said anything positive about ANCR. If he is wrong about a possible buyout, he could also be wrong about the lost OEMs. If he is right about everything, then there is some value to Ancor's technology, and it is higher than $3. I see your point about the possibility of a concerted effort to drive Ancor out of business by using rumor-mongering and the like. There is no doubt that most of us that have followed Ancor for a long time have lost confidence in the company, at least until the first big MKII OEM is signed. Although I do believe that AR's information is probably insider in nature, it seems to me that Ancor management could counter some of the claims with a public statement of some sort, or by closing an OEM deal of their own. I don't know whether this is possible, but if a buyout offer for $6 was rejected, Ancor could publicize this (without naming the company), and instill a little investor confidence that the company was worth at least $6, at least in the view of Ancor management. Since we have nothing better to do than speculate, what do you think about Adaptec as a possible suitor? Adaptec has broadened their scope in recent years, and it makes some sense. I think there are other, more logical choices, though. I also believe that unless a good sized OEM is imminent, Ancor should sell the company. At least that way, investors will get some return on their investment. Ancor also needs some deep pockets to fund continuing switch development. That's their only chance to keep up with their competitors. Craig

To: George Dawson who wrote (16901)	6/29/1998 8:02:00 PM
From: THOMAS GOODRICH	Read Replies (1) \| Respond to of 29386

George, Recalling a conversation I had with CEO Ken Hendrickson in Las Vegas last month, when asked about the stock price at just under $6/share, Ken replied $6 is "too cheap". Therefore, I would not be at all surprised if someone bid at $6 and Ancor rejected. Any takeover will likely be from a source we least suspect. So much for those YAHOO rumors! I presume the best bet for the longs at least would be to just hold on and see where it goes. Unless the company is ready to fall over the cliff, I can't see it getting much worse than this.<g> TG

To: George Dawson who wrote (16901)	6/29/1998 8:15:00 PM
From: janski	Respond to of 29386

"As I have always said, many would be very happy to see Ancor acquired for a pittance, or out of business." I don't see why the competition would be interested in seeing them acquired for whatever by anybody with financial power. That would only strenghten them as possible competitive threat. FC engineering team might be their only desirable asset at this point. And if someone would give them direction, perhaps they can come up with a product market wants. I wonder if their dirty tactics excuse of 'late booked orders' finally caught up with them and someone returned that last 1M order. That would explain why it dropped that much. If that was the case perhaps something will happen before the numbers would need to be announced. Personally, I sure hope the buyout rumors are true and this joke ends soon. Adaptac was just stopped from getting Symbios and has money to spend.