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


To: Roger Arquilla who wrote (17816)8/26/1998 7:51:00 PM
From: Craig Stevenson  Read Replies (1) | Respond to of 29386
 
Roger,

I saw the Bullstroke post over on Yahoo, and it could certainly explain some of the selling pressure today. It is yet another reminder that there are some things in Ancor-land that don't make sense. If a legitimate buyout offer was on the table at $6 or so, and Ancor management didn't take it, it makes you wonder why not? The only plausible explanations that I can think of are that they thought they could succeed on their own, or get more than $6 from somebody else.

At this point, Ancor just hasn't provided a compelling reason for new investors to buy in, and that means that the selling continues. It is frustrating to watch, but I guess that's what we will have to do.

Craig