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

To: PaperChase who wrote (17072)	7/8/1998 5:04:00 AM
From: Eleder2020	Respond to of 29386

>>>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 agree with you about this except for one thing. Ancor management are seasoned veterans of High Tech Wars in Silicon Valley, unless they all moved back to Minnetonka to take up smoking the corn cobb pipes of their youth. Just teasing but your point is well made. One thing that Ken alluded to in the last two conference calls is that revenues may fluctuate dramatically quarter over quarter until some OEM's are secured.He stated that it will not happen until late in quarter 3 or quarter 4. I do understand the impatience but Ken hasn't actually promised a rose garden until later this year. I think everyone fears are well stated, as the market always sets the price of a companies value, but i do think some of the fears are premature and many are entirely speculative(and nothing wrong with that).So me I'm going to watch and wait.I think Roy had it right, that if Ancor is valued at 30 to 40 million, then the rest of the FC market better prepare themselves for a much diminished market cap. FC's day will come, disk drives will one day again be back in favor, storage market is absolutely going to explode one of these days,IT managers will eventually figure out that they have more on their plate then y2k problems and for some reason I always stick with the word BANDWIDTH.Whether Ancor thrives I'm still speculating yes, and my opinion could change should they not secure OEM's by the end of the year.But by then I could be toast.I think their last hire was an admission on Ancor's part that their was a problem and a hole to be plugged. As always, prepared to lose much of my investment in what I've always considered a speculative investment. Also congrats to the shorts who clobbered the longs and to those who sold out much earlier and can decide whether they want back in or not. As for Ed S, he seems to be one angry yet sad guy for whatever reason. On that you can't put a price tag and no ammount of money made or lost is really worth that. Best to all, Ed

To: PaperChase who wrote (17072)	7/8/1998 8:12:00 AM
From: Craig Stevenson	Respond to of 29386

PaperChase, Thanks for your comments. I agree that Minnesota companies tend to lack the competitive aggressiveness that you describe. That's why I am extremely disappointed with the lack of progress on the OEM front. To my way of thinking, the MKII was designed to WIN these contracts, not just compete. As far as Ancor's lack of fire in the belly, the most obvious example of this was when Brenda Christensen was garnering all the Fibre Channel headlines, without a whimper from Ancor. If I was CEO, (or President or even a board member) this would NEVER have happened! (And I'm a Minnesotan. <g>) Craig