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

To: Patrick A. Kelly who wrote (17021)	7/6/1998 8:38:00 PM
From: George Dawson	Respond to of 29386

I agree and this is what I posted about the mention of IBM at the shareholders' meeting. George D.

To: Patrick A. Kelly who wrote (17021)	7/6/1998 9:07:00 PM
From: jim g.	Respond to of 29386

Thanks for the informative posting. I agree totally that managements hands are tied with respect to what is going on right now. Nondisclosure agreements are real and binding. If IBM or Perkins did sell a substantial amount of their holdings I think they would have to disclose that in a filing, although I am not sure about the time frame on that.It doesnt take much to see that smaller stocks are not in favor right now, just look at the disk drive industry as well as the chip industry and their equipment suppliers. Stocks like western digital, inovex, fsi int., aterium, and a whole host of others. That is why I dont understand all the conspiracy theories being posted here. Many of these stocks have been killed just like Ancor. It isnt management, the shorts, or some evil plot. The flip side of this crazy market is Yahoo being up 26 points today to almost $200/sh. Ancor right now is out there in the market place attempting to sell their product just like everyone else. I would suspect they are probably talking to 8 to 12 companies right now. They will get their share of business.

To: Patrick A. Kelly who wrote (17021)	7/6/1998 11:25:00 PM
From: Greg Hull	Read Replies (3) \| Respond to of 29386

Patrick, I second George's confirmation: Ancor's public position is that IBM's stock position is immaterial to their selection of a switch supplier. More importantly, thank you for taking the time to call Ancor and thank you for posting the description. There is clearly a lot of frustration among us. I, for one, am not of the opinion that Ancor is hiding behind the NDAs. What would we prefer - that they speak openly about their perception of their chances with all possible OEMs? Nor would we want them to fabricate "stories" about potential announcements, unless we just want an opportunity to bail out soon. Why would management want such a low market cap? Isn't it in their best interests to have a high valuation? No one is suggesting that they are "point fixing", are they? I don't know how to judge this management team yet. I can't read a resume and think highly of the individual just because they worked for a well-known company. I have known enough bozos with impressive resumes. By the time I figure them out, the market will have spoken (perhaps it has). I fully understand why some shareholders have decided to realize their losses and cut loose from ANCR. I understand why many of us are frustrated. I do not understand what announcements we would have them make. It may take until 12/15/98 to hear of the first SAN contract won by Ancor. If we somehow knew that this was going to be the case, what would we have them say in the interim? We are not in control of contract awards, nor apparently, is Ancor management. We can blame them for executing a poor business plan, or poorly executing a prudent business plan, but I can't blame them based on what is in the public domain today. Should they stick to LANs, where they have had their (limited) successes, instead of pursuing SAN business? We are impatient because Ancor sales have not met our expectations, but, I'm afraid, they may have met Management's expectations. No one else is getting FC LAN switch business, and most SAN contracts haven't even been announced, let alone had shipments made against. We have been told that the MK II will have no significant effect on Ancor sales for 1998, which I interpret as Ancor will have no significant sales for 1998. I do not intend to have a frustrating second half. I will either throw up my hands and be done with Ancor, or do my best to impersonate Candide. Ave atque vale, Greg