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: jim g. who wrote (21878)	5/19/1999 4:09:00 PM
From: David Andersen	Respond to of 29386

If this is what happens when you don't get the rumored OEM, I'm in favor of losing the rest.

To: jim g. who wrote (21878)	5/19/1999 4:11:00 PM
From: trendmastr	Respond to of 29386

Jim: I don't know how to account for volume or price rise the last several days, but I am still doubtful that institutions are buying. Good volume today, nice steady upward rise throughout the day. I tried to scalp some more shares at 7/8 near the close but stock refused to come back in. Onward and upward...... tm

To: jim g. who wrote (21878)	5/19/1999 4:12:00 PM
From: jim g.	Read Replies (1) \| Respond to of 29386

I am hearing that Brocade is pricing their deal next week and apparently it is a hot IPO which is good for us. They are offering 3,250,000 shares with an over-allotment of 487,500 shares bringing the post-offering amount to 25,685,291.

To: jim g. who wrote (21878)	5/19/1999 4:22:00 PM
From: KJ. Moy	Respond to of 29386

<<Lets hope the brocade IPO is hot and open ups at 15 or so. >> If Brocade is as hot as I think they are, it most likely carries an IPO price of $14-$15 and open closes to $30. We won't have to wait long.

To: jim g. who wrote (21878)	5/19/1999 4:27:00 PM
From: GuinnessGuy	Read Replies (1) \| Respond to of 29386

Jim, "As far as I know this exposure is responsible for the price rise, in fact I just saw a 75000 order go through." Here's a conspiracy theory for you: Maybe Brocade's underwriters are pumping ANCR's stock in order to use it as a model for the pricing or potential price of Brocade's shares. If ANCR hits 10 by next week, then they can say that ANCR, with one-quarter of the market share of Brocade, has a value of ~$250,000,000, which means that Brocade is at least worth four times that amount. And that doesn't count a premium for being the market leader. This conservatively puts Brocade's share price at around $40. So, I think you are right in that the rise has more to do with Brocade's IPO than any OEM in the offing, however, I think my scenario has some possibility of being correct. Then again, maybe SI's leading tech bear, Michael Burke, knows something good is about to happen: Message 9612050 Craig