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

To: Chris Hilderbrand who wrote (18169)	9/24/1998 8:24:00 PM
From: Craig Stevenson	Read Replies (4) \| Respond to of 29386

Chris, I gave up predicting the price of ANCR a long time ago. I will go out on a limb and say that I do think the price will be higher tomorrow than it was today. <g> Seriously, because of the Reg D conversions, it is difficult to predict how much selling will be out there tomorrow. I thought that the Boeing news would be enough to get the ball rolling, but it wasn't. This news appears to be MUCH bigger, so it should have more of an effect. Because of their lack of consistency, it has been difficult to arrive at a reasonable valuation method for Ancor. My own method has been to try to value the technology. Although many of BullStroke's messages were disheartening, the rumored buyout at 6-8 seemed reasonable. Add to that Roy Sardina's contention that Ancor was undervalued at $2-3 added some credence to valuing the technology somewhere above that point. That's why, despite the horrible Q2 numbers, I chose to hold my shares rather than sell following the conference call. That might turn out to be a reasonably good decision after all. <g> Craig