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

To: Fang Li who wrote (17723)	8/15/1998 8:56:00 AM
From: Patrick Sharkey	Respond to of 29386

The last dozen of so posts are thought provoking. I think that the company has told us quite a bit in the last two conference calls. First, the company's belief that the SAN market will be quite large. We are seeing, in the activities of other companies and in the literature, confirmation of that increasing activity. Unfortunately, however, our company is not yet in that loop and the management's prediction as to when the SAN market will reach critical mass was incorrect by at least 6-12 months. The other thing that management told us is about the failure of earlier managers, and the failure of current management in the early state of control of Ancor, recognize the pursue the very large potential in the SAN area, and abandon attempts in the LAN because of legacies and competition. People who invested pre-1998 probably looked at the LAN potential at least as much as the SAN (to the extent that the SAN was a motivating force at all for some). So, in contrast to many posters, I believe that the Company has been quite revealing of their strategy, and their place within the SAN world -- although we still do not know much about MKII and changes that have been made since the July, 1997 prototype, and how it compares directly, one-on-one, with silkworm and others that we may not even know about. Unfortunately, the company has little to tell us since there is little activity in the marketplace. Finally, I personally believe that the recent insider purchasers do not reflect much company management faith in the outcome but, instead, show just how shaky things are going forward. Indeed, even taking Iceburg's valuation of $100 million, at full conversion, we are talking a $5 dollar stock at best. While that would be a 3x, risk remains high, as shown by the paltry inside purchases. Furthermore, those purchases show that the insiders are not aware of any material, nonpublic information. So, there probably is nothing brewing, other than hope in the context of an exploding market for fibre channel, driving those purchases. In other words, we know everything that they know about potential deals, commitments, etc. Just an opinion; not negative, and not positive. Pat

To: Fang Li who wrote (17723)	8/16/1998 11:45:00 AM
From: Roy Sardina	Read Replies (3) \| Respond to of 29386

<<What makes me more depressed is that Ancor has given up everything it claimed to be NO.1 such as adapters and class 1 switches, and end up selling nothing but waste $mill.>> Ancor has not wasted anything.....the market has changed it's needs and now demands class 3 storage area networks with class 2 coming. Eventually the benefits of class 1 will come back as class 4 (QOS) with class 3 and class 1 functionality in the same connection. <<I invested in Ancor because I used to believe that Ancor was a leader in FC industry. It has developed most FC components such as adapters, connectors and switches. But I am not quite sure any more.>> Actually you invested in the ONLY publicly traded FC Switch company there was (or is presently) available. Unfortunately VC's are the only ones who get to invest in private companies in this space.... Roy Sardina