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


To: trendmastr who wrote (17102)7/9/1998 11:08:00 AM
From: Kaizer  Read Replies (4) | Respond to of 29386
 
I just recently called Mr. Snyder to find out why the company is doing nothing to defend the stock price or shareholders.My call was returned by a young lady from Dorsey & Whitman, Ancors' law firm.
She said that" it is company policy not to comment on the stock price".When I attempted to ask her about issues other than the stock price she just kept repeating "it is company policy not to comment on the stock "as if she were reading from a script.
This a very unprofessional way to respond to shareholder concerns.I feel strongly that management needs to be reminded that there primary responsibility is to the shareholders and it is time to turn up the heat.A concerted effort may be necessary.

Regards,
Kaizer



To: trendmastr who wrote (17102)7/9/1998 6:31:00 PM
From: Craig Stevenson  Read Replies (2) | Respond to of 29386
 
TM,

Yes, that is exactly what I am saying. Unfortunately, Ancor has a history of NOT listening to customers. Remember the Class 1 debate with Sequent? The way I hear it, Sequent didn't WANT Class 1, and when there were interoperability problems, they chose Brocade. Ancor continued to believe that Class 1 was the right solution, until Brocade started to make some serious inroads. Then, Class 2/3 finally became a priority in the MKII. Class 1 may indeed have been the best solution, but it wasn't what the customers wanted.

I also recall a conversation with someone at Ancor about Gigabit Ethernet. (This was around the time when Ancor showed a prototype GE switch.) Ancor decided NOT to pursue the Gigabit Ethernet market, because the Gigabit Ethernet standards commitee was going to incorporate some items into the standard that Ancor didn't like. Another one of those "we know better than you" type of things. Gigabit Ethernet WILL succeed, and Ancor probably could have been a player in that space.

Like you, I am frustrated by the apparent mis-steps by the management and sales teams. It is also disappointing to me because I think these are decent people who are trying very hard to succeed. I've been in businesses where you do your best, and still fail. Fortunately, when I failed it was with my OWN money.

Craig