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

To: Patrick Sharkey who wrote (20786)	2/14/1999 11:05:00 AM
From: Eleder2020	Read Replies (2) \| Respond to of 29386

>>If the mcData switch is superior, that move might bring significant publicity to that superiority, to the detriment of Ancor.<<< Patrick- I think that their is always the possibility that McData and Ancor don't neccesarily need to be competitors. As for EMC, Ancor doesn't have to knock McData out of the FC box which seems a tough road to go but the strategy might be to knock Brocade out of the McData switch. If I were Ancor management I might try playing nice with McData and see if they want Ancor to provide the piece of the puzzle now provided by Brocade. In that case we get to play in EMC's playground. We'd just have to have McData membership cards.

To: Patrick Sharkey who wrote (20786)	2/14/1999 6:25:00 PM
From: George Dawson	Respond to of 29386

Patrick, et al: Here is a link that will get you back to a SAN article from last spring comparing what was known about the issue of McData switches and the rest: Message 3827819 My recollection at the time was that McData was working on a new switch at the time. Of course a lot can happen in 11 months. George D.

To: Patrick Sharkey who wrote (20786)	2/14/1999 7:38:00 PM
From: Douglas Nordgren	Read Replies (2) \| Respond to of 29386

Patrick, all the IPO talk brought on this whimsical rumination. To see how ANCR might stack up in an IPO onslaught, engaged in some idle hypotheticology. Just suppose the following companies IPO'd. The only valuation variable we have available is Sales, and these sales figures are merely guesses. Assume 3 x Sales is a fair Market Cap for an IPO (excluding Internut stocks). Also assume this to be an exercise in idle speculation of suspect worth. Then play with the numbers until they are to your liking. Brocade - 15M - 20M share offering Venture Cap 125M Sales - 100M 3xS = 300M Market Cap Share Price Range = 20 - 15 Offering? - 15M @ 20 McDATA - 15M - 25M share offering Sales - 250M 3xS = 750M Market Cap Share Price Range = 50 - 30 Offering? - 25M @ 30 Vixel - 15M - 20M Sales - 150M 3xS = 450M Market Cap Share Price Range = 30 - 22 Offering? - 20M @ 22.50 How does our Ancor fare in comparison? Not too badly, if you believe in miracles. ;^) ANCR - 22M shares outstanding Market Cap - 150M Sales - 3M '98 Market Cap = 50 x '98 Sales 50M Sales Needed For Current Market Cap = 3 x Sales (1666% increase) Go Ancor. Douglas