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

To: Craig Stevenson who wrote (17052)	7/7/1998 9:31:00 PM
From: Patrick Sharkey	Read Replies (1) \| Respond to of 29386

Craig, glad to hear that you are OK, and I couldn't agree more with your observations. Pat

To: Craig Stevenson who wrote (17052)	7/7/1998 9:56:00 PM
From: Todd Kernke	Read Replies (2) \| Respond to of 29386

Craig, do yourself the favor, and quit punishing yourself for feeling a loss on what seems to make sense. I currently, do not own any shares, unfortunately already took care of losing plenty of money on paper last year with this one. I don't lose sleep on what I lost and I should; I'll make it back on others. However, I do lose sleep having customers in it. It's become personal with ANCR. It came to me the other day, ANCR became public premature, the market was not there to sell to, the timing makes no sense, funding could have been found privately, ask Brocade, how did they find capital? I personally believe this was done to compensate one of the founding father's of fibre channel so as to provide annuity payments to retire on (How old is that guy anyway?) ANCR may never land the OEM's we've wished upon, they've seemed to have no contacts in the past, yet it looks as though they're attacking that problem (what were all those shares for anyway which were voted on in the latest proxy? incentive plans? I don't know? were they approved? maybe for a split one day, just kidding, but who knows?) I truly believe Fibre Channel is the future. ANCR was the only true (public) fibre channel company when I first invested in this technology, and I'll stick with the founder. The founder will not die. As management has stated, there's enough business to become which will float all boats. Remember, the NEED FOR SPEED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! LONG LIVE ANCR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I guess I'm stupid too, but I'll still buy back in though, guess I'll never learn, go figure. Just wish I would have waited to dump all that money in at this price. good luck to all Todd

To: Craig Stevenson who wrote (17052)	7/7/1998 10:43:00 PM
From: srvhap	Read Replies (1) \| Respond to of 29386

Craig, well done!! Your response to Ed Sh...s was very well done! (personally if I saw his cat it would be stuck between the treads of my tires :) But then I don't have the Grace you always seem to have!

To: Craig Stevenson who wrote (17052)	7/8/1998 3:37:00 AM
From: PaperChase	Read Replies (2) \| Respond to of 29386

Craig, It's probably best not to analyze the failure of Ancor but perhaps the criteria you have used for investing. I could mention the obvious ones you already know about like diversifying outside of tech stocks (always) and only invest a portion of your portfolio in high risk development stage companies, and avoid companies that went thru convertible offerings, etc I have studied many companies and industries thru the years and I can tell you that there are variables you may not have considered in your investments. One "outside" variable you may want to consider in future investments is where the company is located. You probably are aware that Minneapolis has a highly educated work force and indeed the suburbs where Ancor is located (and the job area it pulls from) has one of the highest percentage of college educated individuals in the U.S. However, I am seeing a pattern (repeated over and over again) in the Minnesota area. Some industries like networking and software move too fast for the type of personalities that live and work here. I have met with many senior level executives of Minneapolis small cap companies (hardware, software, medical device, etc.) and the one trait they all have in common is that they lack the fire in the belly, the "get it done NOW" creed, the "push, push, push, personalities" that east and west coast companies have (for better or worse). I know there are examples like ADCT that contradict what I'm saying but ADCT, if I recall, has west coast development operations. There appears to be a lack of competitive aggressiveness in Minnesota hence the proliferation of companies there surviving in the "gentlemenly" competitive world of medical devices. Well that's my opinion even if it seems far-fetched. I've seen many Minnesota companies implode shortly after facing an aggressive competitor. And I consider the location of a company as a variable in all of my investment decisions. And of course, I learned this lesson the hard way.