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: Eleder2020 who wrote (19049)	10/31/1998 6:27:00 PM
From: Eleder2020	Read Replies (1) \| Respond to of 29386

I guess the easiest way to say it is that last quarter a total of 7.7 million shares were converted, sold or shorted. This quarter in what appears to be the end of the conversion we have minimum 3 million shares and maximum of 6 million to absorb.Of course that is a ballpark figure. Ed

To: Eleder2020 who wrote (19049)	10/31/1998 6:34:00 PM
From: Craig Stevenson	Read Replies (1) \| Respond to of 29386

Ed, I have been tossing around the various scenarios too, and I have a couple of thoughts. As I pointed out in a previous message, the two lowest ANCR closes within the current conversion price window took place on October 8th and October 9th. It seems logical to me that if the Reg D guys were going to make a move, they would do it before those two dates slid out of their conversion price window. On Monday, the figure should go to 21 days, which would mean that we should see something before Friday, November 6th and Monday, November 9th. It wouldn't be impossible for them to force the price down after that, but they would be working with increasingly higher prices with which to calculate their conversion price. (Greg and George, I would sure like your opinion on this too.) I'm not so sure that a 3COM announcement naming Gadzoox as their FC vendor would be that much of a negative for ANCR. To me, having one of the big networkers enter this space is a HUGE positive. I remember people ridiculing us when we said that this was a real possibility a couple of years ago. Craig