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

To: George Dawson who wrote (17554)	8/1/1998 12:53:00 PM
From: Craig Stevenson	Respond to of 29386

George, Good point, but I'd sure like to see something like, "ANCR selected as the preferred supplier of Fibre Channel switches for <fill in the blank>". Bullstroke would be discredited, and people would start to believe that Brocade wasn't going get ALL the business. Right now, we are fighting an uphill battle because he APPEARS to know all these things, and none of us can find out anything to contradict him. You are right about the buyout, but I think he said that Ancor management played hardball, and wouldn't sell under the buyers terms. (That doesn't surprise me, by the way. I've always thought that Ancor management wanted to make it on their own.) There is a saying that I heard on CNBC a while back. I'm not sure who originally said it, but I think it is appropriate. "Stocks are bought in hope, held in greed, and sold in fear." When we get the major price moves down, even long-time ANCR bulls get scared, and I think that just fuels the downward spiral. Once in a while I have to step back, and try to put things in perspective. Ancor still has (or had) $5.5 million in cash and equivalents. If Mr. Pasqua and Mr. McGriff have been able to generate any sales at all, or if there are some incremental LAN sales, Ancor should be able to survive a while longer, because about half the revenue generated from sales can be used to fund operations. I realize that ANCR is still speculative, but I've invested in other companies with FAR LESS POTENTIAL than Ancor, at a lot higher valuations. I think the potential is still there. Now, Ancor has to prove it. Craig