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

To: THOMAS GOODRICH who wrote (17106)	7/9/1998 3:32:00 PM
From: trendmastr	Respond to of 29386

Tom: << I believe Ancor has sufficient resources to operate for another year or so if worse comes to worse.>> I'd like to believe this is true, but I have my doubts. I believe that there was $10 million on hand at the end of the first quarter, so we'll be able to either ask about the burn rate during the cc or compute it based on the numbers. On what do you base this belief? tm

To: THOMAS GOODRICH who wrote (17106)	7/9/1998 3:53:00 PM
From: Eleder2020	Read Replies (1) \| Respond to of 29386

>>>Actually, Ed hasn't done anything but spew sour grapes, probably the result of his frustration in losses he incurred by prematurely liquidating his stock.<<< Maybe it's equal ammounts of selling prematurely along with investing prematurely, which we've all done but that's what you do when you decide to invest in a speculative venture and want in early. He got caught in something he couldn't handle and has decided on another strategy for his investments. I did appreciate his lack of malice today and hope he recoups his losses over time. If Ed wants to dissuade new investors on the board, he at least made his first persuasive argument. It is a specultive venture and not for the investors with weak stomachs. One thing though. Thomas, agree with you and looking out another year or two. Don't expect much for the next few quarters but always willing to be surprised.I only disagree with you about the tone of the board. Sort of amused by all the negativity, much of which is either legitamite or part of a healthy shakeout, but much of it is incredibly specultive much the waythe Bulls stated our case the last two years. I imagine the Bears and shorters were equally amused. However the suggestions that Ancor management should artificially attempt to prop up the share price is insane.Right now they have nothing underneath them to support that action. However I wouldn't count them out just yet. Ed