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

To: BuzzVA who wrote (17558)	8/1/1998 1:54:00 PM
From: George Dawson	Read Replies (1) \| Respond to of 29386

BuzzVa, My opinion is that Ancor would consider an equity investment. One of the reasons for increasing the number authorized but non-issued shares was for M & A purposes, but I think JV or equity investment may be as likely. From this year's shareholders notice: "Although the increase in authorized but unissued shares of Common Stock is designed to enable the company to issue additional stock options and awards under the amendment to the 1994 Plan, to consider potential acquisitions, to issue Common Stock upon conversion of the Series B and Series C Preferred Stock pursuant to the terms thereof and to use for general corporate purposes, the increase in the authorized but unissued shares of Common Stock could make a change in control of the company more difficult to achieve." p 16, par 3. I think there is evidence against the "not invented here syndrome". It exists on the MKII specs page and Ancor's intent to increase the list of adapter and storage vendors that they are interop with. It also exists in the fact that they have gotten out of the adapter market and appear to be content in focusing on switching. George D.