Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: srvhap who wrote (18613)	10/14/1998 10:36:00 PM
From: Ken Richard	Read Replies (4) \| Respond to of 29386

FWIW, from YAHOO! (ANCR) Actually, I believe his (the author, not Ken) estimates for switching in 99, 00 are low. --------------------------------------------------------------------- After a 40 min conversation with Ken, here are my observations 1. Reg D stock (convert pfds) was issued in both class B & C shares. C shares are all converted, only B shares left. Two (2) of the three (3) HEDGE funds that purchased these issues when ANCR was looking to raise capital are gone and the third has a longer term interest, so the overhang of selling reg D stock into any rally we get, is nearly over (define nearly?) 2. An OEM announcement would end the Reg D selling pressure as well, so "assuming" we get one soon, we apparently won't have to worry that the Reg D shares will pull us back to earth. 3. If all Reg D shares convert it would leave us somewhere around 24 mil shares total... we stand at 12+ now so it would be dilutionary and has been to be sure. This means the value of your shares is less because the company is divided up into more smaller pieces. 4. They will book the million+ order receivables from Hucom this qrtr. 5. 8 port switch was what OEM's asked for, so it seems more likely they will win more OEM's as a result. 6. Inrange deal is bigger than people understand. Inrange will use ANCR technology to compete with McData (IBM spinoff) and should do fairly well in a market (mainframes) that ANCR was never planning to go after... also the initial funds from Inrange will be posted this quarter. 7. They are curtailing any interest in selling into the schlumberge type geothermal market as this results in only a few switches per order and it is not deemed cost effective to chase these. Instead they are moving towards the, and I quote "1,000's" of switches orders type customer per order. 8. Japan is still soft but oportunities, including a possible NEC OEM deal are being worked on. 9. Ken once again admitted his timing was off by nearly a year, but that the FC market was finally starting to take off... he guessed a 100million year in 99 for FC and rising to 300mil in 2000 <--- this is NOT for ANCR, but for the overall FC market. I was writing notes awefully fast while trying to read the "body" language of the conversation. He was extremely upbeat and confident, stating that ANCR was a going concern now and the latest moves in sales and management (new manufacturing guy) bring top notch talent to the company at just the right moment. I am aggressively adding to positions here as I am convinced it is a race as to which occurrs first... an OEM announcement or running out of Reg D selling. Good luck to all, Mark <>< ___________________________