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

To: Greg Hull who wrote (18493)	10/11/1998 9:01:00 PM
From: Craig Stevenson	Read Replies (1) \| Respond to of 29386

Greg, <<However, I also wish that I had looked at the subject of Convertible Preferred Offerings a year ago. I did not pay any attention to the topic until the S-3 came out 6 weeks ago.>> I couldn't agree more. I think a lot of ANCR investors wish they had done a little more due diligence on this subject a year ago. Of course, it might have all been a moot point if Ancor had landed Sun. I wonder what course of action the Reg D guys would have taken if Ancor had announced a big OEM before they started converting? I also wonder what the end game is for these guys. Do they short sell and convert as much as they can, while continuing to hold 5%, or do they sell everything, take their profits, and run? I would think that Steve Snyder would know how many shares have already been converted, but I doubt that he would know how many shares the Reg D guys still hold. Craig