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

To: George Dawson who wrote (17403)	7/25/1998 1:26:00 PM
From: Bill	Respond to of 29386

1. The anti-takeover provision you cite is in place. 2. Hostile takeovers of development-stage networking companies are very rare because it is difficult for the acquirer to retain and motivate the key development employees. In fact, I cannot think of a hostile precedent which matches ANCR's situation. 3. The attractiveness of ANCR has dissipated, as its $2 stock price proves. Its market is uncertain. Its product is unproven. 4. Should another company become interested and offer a significant premium over $2, management would be forced to accept in a friendly manner (see previous post). For these reasons, as I said, the chance of a hostile takeover is 0%.