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

To: w2j2 who wrote (18466)10/10/1998 12:39:00 PM
From: Tom Duxbury  Read Replies (2) | Respond to of 29386
 
Walter

You wrote

"Three points about the Reg-D sellers:
1) The previous management should be held accountable for this disaster.
2) This short selling must be hurting the corporate board members and management
(Ken and Cal) as much as us.
3) If I was an insider, I would not buy until the short selling was nearly all dried up."

Ancor took the best deal possible at the time they needed money.
Without the Reg D money their would be no Ancor at this point.
Why should management be blamed? Do you think that Ancor did not
try to get a floor on the shares? In my opinion they have done an
excellent job (i.e. INRANGE deal). That was an incredible deal and
will save us from future dilution.

Take advantage of the low market cap that the Reg D sellers have
given us and accumulate shares.

Tom




To: w2j2 who wrote (18466)10/10/1998 10:07:00 PM
From: Greg Hull  Respond to of 29386
 
Walter,

<<Three points about the Reg-D sellers:
1) The previous management should be held accountable for this disaster.>>

I don't know that I can agree with this statement. The Series C offering was well after Ken and Steve were at Ancor. The terms of this offering seem quite a bit more favorable to the buyers than the Series B terms. I hope this reflects their desperation for new funding rather than their ability to negotiate with the big boys.

Greg


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