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

To: The Freep who wrote (17937)	9/3/1998 12:48:00 PM
From: THOMAS GOODRICH	Read Replies (1) \| Respond to of 29386

You state you're not a BEAR, but, actually we're in a bear market with respect to small cap stocks. In retrospect Ancor is not in all that bad a shape in comparison to other techs with high debt levels and diminished prospects. Given the climate the small caps are in at the moment I would not be so confident ANCR would have a sustained rally even on a significant OEM announcement, although it would certainly alleviate some tension. I suspect the volume is higher than normal because day traders are flipping the stock. I remain overwhelmingly confident ANCR is still a great company to own even should it dip below the one dollar level. The Fibre Channel market has barely materialized and I suspect within two years investors will be clamoring to own some of these companies. That of course assumes Ancor survives a few more quarters. Tom