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

To: Greg Hull who wrote (19170)	11/8/1998 4:52:00 PM
From: w2j2	Read Replies (1) \| Respond to of 29386

Greg, I think it will take time and a bit of good news (OEM) for the stock to pop. When it does, it will rise very fast, IMHO. Worst case scenario is a buyout at a price higher than this. In general I do not want to invest in an unprofitable company, but since I am already in, I am averaging down at the low price when I get some spare cash. The technology is valuable, and getting more so by the day. Most important is management. These guys are good. They know their market, they have developed the best product in their niche, and they now have a very good sales team. Ancor could not hire these people unless they had very good prospects for stock price appreciation. These professionals are betting their careers on stock options in Ancor. So how long will it take for the stock to close above $2 and begin its rise? Could be days, weeks, or more likely months, but it will not be years. With Ancor's history, the institutional investors must see a price rise (proof the preferred conversions are finished) and contracts (cash flow) before they commit. Emulex and Qlogic are not profitable, but theirs stocks have tripled...One more good OEM.....wj