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

To: WhoLovesYa who wrote (17936)	9/3/1998 12:09:00 PM
From: The Freep	Read Replies (2) \| Respond to of 29386

Some reasons ANCR has not rallied on the Boeing news? Well, I've got a few thoughts. First off, this is a LAN deal, and ANCR has announced that they're getting out of the LAN business. So, this would not and should not be viewed as a deal that is merely step one in an ongoing revenue stream, and we all know that ongoing revenue is what Ancor needs. (NOTE: it's possible, per Kerry, that more money COULD come from this, but I would doubt that anyone would buy on that perception.) This is not an OEM. We all say that Ancor's price will only go up when they sign an OEM. So, if this is not one, why expect a rise? $1.9 million is nice. It does give the company a little breathing room. But not much in the greater scheme of things. Does anyone out there really think that this deal eliminates the need for Ancor to find additional funding? I sure don't. I think the stock price of ANCR could rise on a financing agreement. This is not that agreement. Look, I'm not a bear, I'm just saying that it's important to keep perspective. It's very, very nice to hear positive news out of the Ancor camp. But don't read into it dreams of a stock price of 12. Until they get that OEM and/or financing, I don't imagine the price will rise too much. And mind you, I sure hope I'm wrong. the freep

To: WhoLovesYa who wrote (17936)	9/4/1998 1:53:00 AM
From: Kerry Lee	Respond to of 29386

<<I thought that the Series D people could NOT short this stock?>> Your assumption only refers to the pricing period for Series C Reg D. It does not apply outside of the 30 day period. Excerpt from the 8K filed in Feb 1998: "6.11 Limitations on Shorting. Subscribers hereby covenants and ----------------------- agrees that (i) during the thirty (30) trading days following the Last Closing Date, and (ii) during the five (5) consecutive Wednesdays immediately preceding the date that is one (1) year after the date of the Last Closing Date, Subscriber will not enter into a short sale within the meaning of Rule 3b-3 of the Exchange Act with respect to the Common Stock of the Company; provided, however, that nothing herein shall limit the rights of a holder of Series B Preferred Stock to sell shares of Common Stock received or to be received upon conversion of Series B Preferred Stock provided that the Notice of Conversion (as defined in the Certificate of Designation) is delivered by the end of the first business day following such sale."