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

To: Craig Stevenson who wrote (17305)	7/23/1998 11:43:00 AM
From: Joe13579	Read Replies (2) \| Respond to of 29386

I remember when Ed's cat was telling me (about two years ago) that Ancor stock would probably split at least two times by now and be worth around $80/share - it's obvious that fibre channel is taking a lot longer to catch on. Craig, good questions on the conference call - you really made them suck up some pride. IMHO Ancor has put together a top notch sales team and they should get their fair share of contracts - nobody expected good numbers for the second quarter (nor are they expected for the third quarter), furthermore we were forewarned during the first quarter conference call that the numbers would be low. How can you expect Ancor to sell switches if the needs for switches are presently very low. The only thing that scares me is that Ancor's entry into SAN market will mean competition with EMC/McData (leaders in the SAN market with an established and satisfied customer base). Rob

To: Craig Stevenson who wrote (17305)	7/23/1998 11:48:00 AM
From: Ed Schultz	Read Replies (4) \| Respond to of 29386

Craig, We all knew that this company's revenue was based on basically one and only one customer. Furthermore, given the downturn in Asia and Japan in particular, why should we expect that the customer would continue making orders? What I don't (really) understand is why you and others are so upset? Nothing has changed. The reason you and others believe in this company is because of the technology. Has that changed? Is the technology worse today than it was yesterday? Isn't Fibre Channel still the best thing since sliced bread? The main reason for owning stock in this company is not because of current revenues or earnings but on expected revenues and earnings in the future. Has that changed since yesterday? Do we no longer think that Ancor can land any deals? Either you believe in the technology, that next year will finally be the year of Fibre Channel, that they will soon get a big OEM deal or you don't. Has that changed since yesterday based on a measily $1M? You are trying to have your cake and eat it too. Either you believe in the future (in which case the numbers don't matter) or you don't. Ed PS Hope this helps.