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

To: Roger Arquilla who wrote (21373)	4/14/1999 7:05:00 PM
From: BuzzVA	Read Replies (1) \| Respond to of 29386

Depends on what those "certain contingencies, conditions and agreements" were. It goes on to say that "the Company denies all liability and alleges that Hoyt refused to provide improvements desirable and necessary to the Company's occupancy of the proposed leased space and multiple contingencies, conditions and agreements did not occur and no binding agreement exists." Would be a big hit if lost. But after appeals etc. we're probably looking at 1-2 yr litigation anyway and hopefully will be able to easily absorb $2.5MM judgement against us.

To: Roger Arquilla who wrote (21373)	4/14/1999 7:18:00 PM
From: Ken Richard	Read Replies (1) \| Respond to of 29386

There are simply required to disclose this lawsuit which clearly states that NO DISCOVERY HAS BEEN COMPLETED as of the printing. Simple contract law mandates that a party to a contract is NOT required to perform unless material conditions of the contract are satisfied. It is clear from the context of the disclosure that ANCR contends that those conditions HAVE NOT been satisfied. Leave it alone. OBVIOUSLY, if ANCR has not reserved for it that are not concerned about it. It ANCR believes it is a non-issue for balance sheet purposes why do you want to create something more about it than there is ?? Some things never change.