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

To: Douglas Nordgren who wrote (20802)	2/22/1999 1:58:00 AM
From: Kerry Lee	Respond to of 29386

<<Would love to see any comparative p/s numbers for Ancor if you feel so compelled and can devote the time. TIA>> I will try to do this if /when I get time..off the top of my head my recollection is there are fairly recent examples where PSR ratios were in essence infinity, eg Granite sold to CSCO for $220 million on zero revenues, Berkeley sold to Fore for $200 million on zero sales, Netstar sold to ASND for $300 million on $5 million sales, ASND sold to LU on PSR ratio of 19 ( someone pls verify takeover price of ASND and their trailing 12 months sales )..We also saw Packet Engines a Gigabit Ethernet company sold for over $300 million last year to Alcatel..If anyone wants to research their revenues, feel free but I don't believe Packet Engines would have been doing more than $10-30 million in sales based on early adoption stage of the GE technology. Today, ANCR market valuation is $150 million.IMHO, that is cheap. It could get cheaper short term. It may not. IMHO, at some point in time this year, Ancor is going to land/announce 1 or more Tier 1 OEMs and then real Wall St analyst coverage will begin and they will base price targets on PSR of Year 2000 sales forecasts, whatever that evolves into.