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

To: Kerry Lee who wrote (18974)	10/29/1998 11:05:00 PM
From: Lhn5	Read Replies (1) \| Respond to of 29386

I don't see the purpose of the obsession with the accounting treatment of the Inrange money. The Paine Webber guy, I thought, was nuts to complain that he wanted to see some improvement in the balance sheet. What is better for the balance sheet than money in the bank??? The bucks are in the bank--that is what counts, and they are there with no dilutiion. AND they were put there by a very important company that has begun a multi-year multimillion dollar relationship with ANCR. If you want to do something really 'scientific' and value ANCR by a price to revenues ratio, well, then I can see the problem but that is really missing the boat on all this. Cash is in the bank, and OEMS announcements are thought to be imminent, if not this quarter than next and next after that. Don't get caught up in accounting mishigas.