Camron: re: " we should all pitch in and buy Mark some ADPT shares, now before it is too late and keep him happy and around!"
Maybe, but only if the price drops to $18.50. ;-] Fair's fair. That's when he said he may buy, I think.
In reference to the lawsuits, this excerpt from Adaptec's 3rd Qtr financial statement:
"the outcome of the lawsuit will not have a material adverse effect on the financial position or results of operations of the Company."
That said, the suits doubtless contribute to the pall over the stock price at the moment.
And for what it's worth, also from the financial statement and as a reminder to investors in Adaptec:
"Certain Risks Associated with the Computer Peripherals Market. As a supplier of controller circuits to manufacturers of computer peripherals such as disk drives and other storage devices, a portion of the Company's business is dependent on the overall market for computer peripherals. This market, which itself is dependent on the market for personal computers, has historically been characterized by periods of rapid growth followed by periods of oversupply and contraction. As a result, suppliers to the computer peripherals industry from time to time experience large and sudden fluctuations in demand for their products as their customers adjust to changing conditions in their markets. If these fluctuations are not accurately anticipated, such suppliers, including the Company, could produce excessive or insufficient inventories of various components which could materially and adversely affect the Company's business and operating results. The computer peripherals industry is also characterized by intense price-competition, which in turn creates pricing pressures on the suppliers to that industry. If the Company is unable to correspondingly decrease its manufacturing or component costs, such pricing pressures could have a material adverse effect on the Company's business or operating results."
Camron: I know you are a researcher, so the above isn't for you. But it sometimes helps for all investors (including me) to read carefully the financial statements for risks associated with the investment.
Have a good day,
Starowl |
