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

To: Patrick Sharkey who wrote (17319)	7/23/1998 2:56:00 PM
From: Amy Feller	Read Replies (1) \| Respond to of 29386

I too have listened to the conference call. While I have no holding anymore (got out for tax reasons last year) I'm still very much interested in Ancor's future. Because I have no holding, I found I had no emotion attached to Ancor as I listened to the call and the Q&A session. With that said, and at the risk of being flamed, I will say that while I understand Craig's frustration at being "cut off", I thought they gave him quite a lot of time (even more than I would have expected) to ask his questions. As a listener, I was ready to hear questions from other investors or market makers and the time to move on was correct.They gave Craig an opportunity to wrap up and when he continued to ask another question, they had no choice but to end the questioning. I also felt that while the results of the 2nd quarter were very disappointing, this management team really believes that there is a future for this company - altho they don't seem to have an idea when a need for their product will come. I also noticed in the conference call and in their earnings release that there was no warning about the company having problems in staying in businesses. If there was ever a time for a "going concern" statement, it would be now. Ancor has always been a speculative stock. I speculated and lost (and yes, I was in when it moved up to 40 and held on as it dropped). It continues to be a speculative stock. I am tempted to get back in at the current level, but I'm fully invested and there's nothing I want to sell right now to speculate again. I do wish the best for this company and all shareholders, I hope patience leads to big returns! Amy

To: Patrick Sharkey who wrote (17319)	7/23/1998 3:14:00 PM
From: Eleder2020	Read Replies (2) \| Respond to of 29386

My understanding is that both the switch companies may have encountered some interop problems. as Ken said today it's not plug and play yet. The problem again is that is not as seamless as it should be across heterogeneous(Ken's words) environments. I take that to mean FC has some interop problems from business to business applications where some of the technologies don't match up. It has absolutely slowed the progress of FC and of FC to the switch level. If you remember GE has had the same issues. So preparing the environments for FC has taken much longer then expected. Another issue I beleive is training and organization of FC. Basically there are not alot of trained IT managers who are familiar enough with a SAN environment to really know how to bundle and ORGANIZE the enormity of running A SAN. From what I understand this has slowed the progress as much as the plug and play issues. I agree with those that believe ANCR will deliver when the market becomes hot for FC. Hopefully that will happen before the share dilution make it all a moot point anyway. Ken basically said that Paul Pasqua was brought in by them to teach them to do the deal. Let's hope he's very good. Craig's point about hub products shook Ken up pretty good. Craig was like a dog with a bone. Not giving it up. Craig you were right on the money. Any more suggestions for these guys .maybe they'll listen next time. Despite the many misteps still long on the speculative little start-up (Ken's words today)situation from Minnetonka.I just still think FC will be huge and the competition at the switch level looks like the place to be. 3 switches to chose from, higher margins etc.

To: Patrick Sharkey who wrote (17319)	7/23/1998 5:50:00 PM
From: Craig Stevenson	Respond to of 29386

Pat, Thanks, but it felt more like a cross-examination. <g> I think you are right about the MKII. There are a lot of things that point to the fact the the MKII didn't have all the features in its early forms that OEMs wanted. That's why Brocade has been able to land all the deals so far. I was also shocked at the $4 Million in "old product". I've said this before too, but why hasn't Ancor perfected the MKII to the point where it could just be a drop in replacement for the older 1 Gig gear? That way, the older gear could get phased out, the MKII leverages the advantages of lower manufacturing cost, economies of scale, and the customer gets a better switch. (Obviously, that can't be done with the 1/4 Gig switches.) I've been saying this for quite a while now, but Fibre Channel in the LAN is pretty much dead. Gigabit Ethernet has WAY too much momentum on that side of the equation. Craig