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

To: Greg Hull who wrote (17360)	7/24/1998 12:46:00 PM
From: George Dawson	Read Replies (2) \| Respond to of 29386

"When I worked for a conglomerate, months were spent planning for the division's meeting with the chairman. Many plans were considered before the meeting, but major initiatives weren't redirected just a few weeks after the meeting. How much time was spent considering what the shareholders should be told, and how much time was spent deliberating whether LAN pursuit should be dropped?" I think the most obvious answer, and one we got a glimmer of at the shareholders' meeting is that the LAN customers aren't buying. At the shareholders' meeting there was talk that the Boeing people were still testing the equipment and that it could lead to orders. They either decided not to buy or like a lot of FC customers are still in the consideration stage. exchange2000.com George D.

To: Greg Hull who wrote (17360)	7/24/1998 3:41:00 PM
From: Patrick Sharkey	Read Replies (3) \| Respond to of 29386

Greg, those are all well-placed concerns, but management generally gets to exercise its business judgment. The fact that there was a full-blown LAN presentation at the shareholders' meeting, abandoned just two months later is pretty scary. As to why "top" people would want to work at Ancor, isn't it obvious: Many of those that have come on board recently have a chance at a lark in the hometown -- they are from Minnesota and there are not a lot of public companies having senior management positions open. Does that help explain many of the new hires?

To: Greg Hull who wrote (17360)	7/24/1998 10:40:00 PM
From: Craig Stevenson	Read Replies (2) \| Respond to of 29386

Greg, I really didn't think I was beating a dead horse either. I wanted to get into the software angle, which seems to be a good part of Ancor's problem. It seems as if their switch management software just isn't up to par with the competition. Were you the questioner right after me? I was busy talking, into a dead phone as it turns out, and I missed the name of the guy after me. I thought his name was Greg, but I wasn't sure. The elimination of the LAN side of the business is certainly a bold move, and maybe that's what it takes. I think that means that they will be betting the entire company on Storage Area Networks, but at this point, I'm not sure I see a good alternative. As evidenced by the latest quarter, without Hucom, the LAN side of things certainly can't sustain them. The quality of the new hires has baffled me for quite a while. If Ancor was truly the sinking ship that the stock price suggests, why do these guys come on board? I also agree with you regarding Ancor's lack of a contingency plan if the SAN market didn't evolve quickly. Hindsight may be 20-20, but Ancor management appears to have been legally blind on this one. Craig