Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: doc who wrote (21372)	4/14/1999 6:34:00 PM
From: Roger Arquilla	Read Replies (2) \| Respond to of 29386

I was just reading over the shareholders report. As if we don't have enough concerns...I was reading about the Hoyt Properties vs. Ancor litigation in progress. Does anyone know anything more about this case than what's in the short report? Of particular concern are the last two sentences. "The Company is unable to determine at this time if there will be a material adverse outcome. No provision has been made for any loss that may occur as a result of an adverse outcome in the suit." The amount of damages being asked for is in excess or $2.5 million. Unlike the recently settled case, there is no insurance money available for this suit if the judgement goes against Ancor.