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

To: GuinnessGuy who wrote (21772)	5/14/1999 2:53:00 PM
From: Greg Hull	Respond to of 29386

Craig, << In the last conference call it was possible to infer from either Cal's or Ken's(I forget which) answer that there was an unannounced but signed OEM. If this were the case, would it then be illegal for the company insiders to buy more shares, since they would have significant, non-public information?>> Whoa, what makes you think my legal opinions are worth staining the phosphors of your screen? Just because I can make vague references and write declarative statements in the passive voice does not make me a legal expert. Obviously Patrick's or other's opinions on this matter are much more informed and useful, but I agree with you. It strikes me as significant, non-public information if there is an unannounced OEM signed. << In other words, lack of buying on their part means the possibility that there is indeed an unannounced but signed OEM deal.>> Let's see, when was the last time a member of the board purchased stock? Have the OEMs been signed that long ago and still unannounced? I think their action (inaction) is probably a poor predictor of OEM successes. But yes, it seems that they are fairly confident of having more shipments in the second half of the year, and I think they know things we don't (good things). <<Also, are the BOD's necessarily considered insiders? >> I sure hope so. If they don't know what is going on, who's minding the store for us shareholders? Sorry, you deserve better answers than the ones I've given. Maybe someone else will jump in and give you something more useful. Greg