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

To: George Dawson who wrote (18013)	9/13/1998 9:42:00 AM
From: KJ. Moy	Read Replies (1) \| Respond to of 29386

Goerge, <<<It also explains why it is going to be hard to break out of this range, you don't really have to be concerned about the market price when you can buy plenty inexpensive shares at a fixed price to cover.>>> The conversion timing is going to be tricky like a slide rule. The $1 conversion price would disappear after the 17 days if Ancor starts to move up continuously. If the regD guys already own the maximum allowable percentage, they have two choices. One, continue to recycle shares so that they can pocket 15% discount until all available preferred shares are gone. Two, hold for much later for a higher stock price before selling. KJ