Advanced Digital Information Corp. (ADIC) Message Board

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 : Advanced Digital Information Corp. (ADIC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Puna who wrote (2050)	8/17/2000 9:09:10 PM
From: Jim Oravetz	Read Replies (1) of 2283

Ditech Communications Corp. and Advanced Digital Information Corp. were among stocks the fell the most in extended trading. Ditech, which designs and sells equipment for fiber-optic networks, dropped 3 3/4 to 53 after reporting fiscal first-quarter earnings of 39 cents a share, matching estimates of analysts surveyed by First Call. Advanced Digital sank 3 1/4, or 21 percent, to 11 1/8. The maker of automated tape libraries and data-storage devices said it made 27 cents a share in its fiscal third-quarter. The company also said it would buy back as many as 3 million shares. bloomberg.com Well, hopefully there is not much more negative, pricewise, that can happen to this company. I realy do not understand this : "Lingering Y2K effects". Investors do not want to hear lame excuses for things that happened 6 months ago. Anyone listen to the CC? I started to listen (go to ADIC site IR page) but got cut off when had to take a phone call. When I got back (paused) I could not resume. The part I did hear was the Q&A. The management sounded very bullish. They think the stock has been misjudged as a "tape" stock rather than a tape system integrator. Over 50% of R&D spending has gone into software development. This looks dark now. But the company has a lot going for it. Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next