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

To: Patrick Sharkey who wrote (21603)	4/29/1999 10:07:00 AM
From: Lhn5	Respond to of 29386

It was actually Steve Snyder who fielded the NASD question. I think their basic philosophy is that they recognize the volatility of ANCR stock price, and if a bunch of short sellers zoom in and knock the price below 5 for even a day, it would ruin the application. It makes sense to make sure the application they file for NASD is the LAST one they file for NASD and it goes through with flying colors and without any close calls. I think they are correct to be patient and conservative. Revenues will drive the stock price more than any category changes imo. Can anyone update us on what Kinnards forward revenue projections are? Any thoughts they may revise them upwards based on this quarter's results? Thanks.

To: Patrick Sharkey who wrote (21603)	4/29/1999 10:51:00 AM
From: Paul Moerman	Read Replies (2) \| Respond to of 29386

Pat, yes I think he was talking about the future price of Ancor. Ken stated the obvious that ANCR's past share price has been "volatile" and that he has been reluctant to file for NASDAQ listing until he had quite a bit of confidence that the share price would not drop below $5 during the application period. He said ANCR now "may" (or may not* by implication)* be at that point - where the price is unlikely to temporarily dip below $5. So he wasn't actually "predicting" share price, but I didn't think he came across pretty tentative as to the possibility that ANCR might again dip below $5 in the near term. Otherwise, I don't see why he wouldn't have said what we all wanted to hear, i.e. that ANCR had (or was going to imminently) applied for full NASDAQ listing? I'll be interested in your take after you've listened to the cc! Regards, Paul