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

To: Douglas Nordgren who wrote (21970)	5/22/1999 5:34:00 PM
From: KJ. Moy	Read Replies (1) \| Respond to of 29386

Douglas <<<The question of how to play the IPO is interesting. If the expected share scalping ensues, short term price movements could satisfy a lot of short term targets for those with the stomach for it. >>> I think the sector has become a super hot one. With all other tech sectors lacking, hot money is looking for a home. Brocade is the first one to go off. My speculation on the IPO price may actually be higher than the 15-17 range on first trading day and we may see 40 on day one. It has Internet status written all over it. I would be surprised if anyone can buy in below 30 on the first trading day. Pure speculation of my part. We will find out soon. All this is very good publicity for Ancor. KJ