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

To: ShamukE who wrote (18989)	10/30/1998 11:38:00 AM
From: Craig Stevenson	Read Replies (1) \| Respond to of 29386

ShamukE, <<It really doesn't make any difference to EPS if conversion has or hasn't taken place. Fully diluted EPS are reported based upon common stock equivalents.>> But it does make a difference if it affects dilution due to an even lower conversion price for UNCONVERTED shares. This "head in the sand" mindset is what cost a lot of ANCR shareholders a LOT of money. There is a right and a wrong answer to these questions. We have spent a lot of time on the technical side of the issues. I think it is also important to understand the financial side. <<Why waste so much time dancing around this silly financing arrangement. It has taken place and because of it the company has remained solvent.>> I don't think it is a waste of time trying to figure out why a "deal of the century" financing arrangement took us to a 52-week low. <<At todays price it probably isn't worth a kings ransom.>> True, but by buying at yesterday's price, some ANCR investors have already lost a king's ransom. That's why it is important to figure out what happened. Perhaps the worst is behind us. I hope so, but I'm not taking anything for granted anymore. The technology is solid, the 8-port switch gives us a fighting chance at a multitude of OEMs, but I still want numbers on the top and bottom lines. The effects of the massive dilution simply make those numbers harder to achieve. Craig