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

To: iceburg who wrote (19375)	11/14/1998 12:24:00 AM
From: George Dawson	Read Replies (1) \| Respond to of 29386

I don't know why people are worried about option repricing compared to this (from the 10K): "The Company believes that the proceeds received from the private placement and the Inrange agreement, together with interest earned thereon, and anticipated revenues from operations will provide adequate liquidity to fund growth, operations, and capital expenditures for 1999. However, the Company anticipates the need to secure additional financing in order to fund operating and working capital requirements thereafter. There can be no assurance that additional financing can be obtained with terms acceptable to the Company. Any additional equity financings may be dilutive to existing shareholders, and any debt financing may contain restrictive covenants. The Company's inability to obtain additional financing if and when needed could adversely affect the Company and its operations." This is obviously more of a potential problem than option repricing. I agree with the sentiment that it is vital to the interests of the company and those of us long to keep the engineers very happy, especially as more companies with deep pockets get involved in FC. George D.

To: iceburg who wrote (19375)	11/14/1998 12:52:00 AM
From: Eleder2020	Respond to of 29386

>>Chill out and look at the big picture. The employees are not at fault for our plight in general but they are the key to our future success.<<< I agree that the engineers who have stuck it out this long should be kept happy.We finally are making progress in FC and ANCOR and you want to kill the long termers. Any new engineers just signing on the last few months would be offered the new options deal anyway to work for Ancor. Why create a civil war between the oldtimers and new workers who would reap the majority of the rewards if Ancor goes to 5 or 10 while the loyal old timers get close to zilch. I think it is one of those, seeing the forest through the trees type of deal here. Keep those boys and girls happy now that we are finally seeing some light here. Ed Some insider buying would be nice also to complement the potential bonus you just gave yourselves.

To: iceburg who wrote (19375)	11/14/1998 12:30:00 PM
From: srvhap	Read Replies (1) \| Respond to of 29386

<<Chill out and look at the big picture. The employees are not at fault for our plight in general but they are the key to our future success.>> Agree, the troops are not at fault, I just don't like it when management gets a free ride (BTW I am in management). They got us here and I believe that they would be even more eager to work smarter if there options were priced a little closer to the 12 month range, rather then at the bottom. I have no qualms repricing to attract High caliber talent, and retain the talent they already have with options. I just don't think that the troops own the majority of the 1.2MM options being re-priced. Wouldn't it be an interesting situation if the new hires and troops options were priced below the execs. This way you Really raise morol in the rank and file, and give the execs something to work for.