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

To: jim g. who wrote (17536)	8/1/1998 9:05:00 AM
From: Steve Scribe	Respond to of 29386

Jim you write <<Congratulations, you are down over 20% already. Apparently you missed the recent conference call.>> Jim, I did listen to the conference call, I follow SI, read trade publications, and talk to various people. I am convinced that I made a wise purchase. (BTW, it is tough to pick the exact bottom.) Anyway, I like Ancor's new strategy of concentrating their resources on the OEM's while cherry picking the easy money LAN opportunities. It is better concentrate on OEM's since an OEM will generate a growing stream of revenue for years as opposed to the typical LAN opportunity that produces a one-time boost to revenues. I think Ancor has good management (I doubt if Jack Welch of GE could have done much better under the circumstances if he were running Ancor) and Ancor has one of the world's greatest ASIC's teams in my opinion. Also, with Pasqua and McGriff they have a first class sales team now. And of course the MKII is second to none. I have just 3 concerns now. 1)Getting some new financing 2) Getting some new financing 3)Getting some new financing. They still have over 5 million in the bank but they need to close on some financing soon before they get in such a weak position that they have to resort to a quick Reg-S offshore highly dilutive type deal. All IMHO, Steve