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

To: THOMAS GOODRICH who wrote (17697)	8/13/1998 7:50:00 PM
From: Lhn5	Read Replies (1) \| Respond to of 29386

I also come in on the side of satisfaction with the insider purchases. As far as the options go, if they were to be exercised, these guys don't just get free shares, they need to pay the exercise price, so they can't all they gots right now. Snyder must have some good reason for 1000 paltry shares with no options on his list--he just must.

To: THOMAS GOODRICH who wrote (17697)	8/13/1998 9:11:00 PM
From: Craig Stevenson	Read Replies (1) \| Respond to of 29386

Tom, Add the insider buying to a number of other things that don't make sense. The quality hires, the lack of attrition, insider buying, etc., coupled with virtually zero revenues in the last quarter. I don't get it, but these guys are talking to customers, and we aren't. There has to be something good out there, somewhere, or they wouldn't keep buying. (My opinion.) If you haven't done so, read the Information Week article titled, "Serious About Storage". (Page 18 of the August 10th issue.) It absolutely supports what many of us were saying about Fibre Channel. According to the graph in the article, in 1999, switch prices will drop from $20,000 to $15,000, and to $10,000 in 2000. Switch shipments go from virtually non-existent in 1998 (sound familiar?) to perhaps 10,000 in 1999, and about 60,000 in 2000. (It's hard to get an exact number from the graph.) Anyway, the way I see it, Fibre Channel switches should be shipping in volume in 1999, with a good ramp going forward from there. If Ancor can get the MKII solid from a hardware and software standpoint, and get some volume to stay competitive on the price, they still have a chance. Craig

To: THOMAS GOODRICH who wrote (17697)	8/13/1998 9:43:00 PM
From: Craig Stevenson	Respond to of 29386

Tom, Here is some wild speculation for you. I thought of this back when the buyout rumors were circulating on Yahoo. The two figures we heard were $6 and $8. I think there was some significance to those numbers. At the time, Ken's average price would have been right around $6, and Cal's would have been around the $7.50 mark. If given the chance to get out without a loss, or maybe even with a slight profit, wouldn't we have taken it? If there actually was an offer in that range, why didn't management take it? They could have been rid of all of us investors overnight, and most of us would have been tickled to get 8 bucks. It makes me think that there must be something pretty enticing out there to make them put up with us for this long. Add that to the long list of things that don't make sense. Craig