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


To: Roy Sardina who wrote (21107)3/17/1999 7:45:00 AM
From: Nine_USA  Read Replies (2) | Respond to of 29386
 
Roy,

Your willingness in early Oct 1998 to pay more
than Brocade's switch development cost in order to
get Anchor is comforting to me.

This was a very bad time in the markets and the
technology market in particular.

It also suggests that you held the Ancor product
to be a viable competitor against Brocade and other
switch makers.




To: Roy Sardina who wrote (21107)3/17/1999 8:55:00 AM
From: doc  Read Replies (1) | Respond to of 29386
 
roy,
you made the statement "ancr could be bought for under $50 mil" on 30 oct. 98. the chart i've included clearly shows ancr in the $1.75 range at that time. one week later it was over $2 and a month later it was close to $4. exchange2000.com
from the 3rd quarterly report ancr had close to 13mil shares.
the poison pill was announced on 3 november 98.

<<"The lawyers and bankers looked at the ANCR filings and determined that the investors ability to continue to issue shares made a significant transaction almost impossible. So we canned the idea and moved on".

after all your contradicting statements.
do you still stand by your statement that ancr could have been bought for under $50 mil?