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Technology Stocks : Advanced Digital Information Corp. (ADIC)

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To: Jim Oravetz who wrote (2160)2/9/2001 8:24:36 PM
From: Puna   of 2283
 
A two-week computer failure kept me off the web of info...boy a lot can happen in that short period...
I was just looking over ADIC's Annual Report and Notice to the Shareholders. I was quite impressed with the bio's of these people running the show there. I had never bothered reading up on them before now.
As much as I hate to see the stock price drop yet again, it does seem to be in-line with the companies latest merger with Pathlight, the slowing economy etc.
When the recessionalistic dust settles later this year the first ones out of the starting gates will be leading storage companies with growing sales revs & earnings, ADIC will slide right in there along side the best IMO.

Meanwhile,
I see EMC took a hit today and NTAP rides up on good earnings and guidance. This article describes some of the continued jousting: siliconinvestor.com "Chief Executive Dan Warmenhoven said a weak economy, not ground lost to competitors, was the principal reason for the expected slowing in orders from its installed customer base. In fact, Warmenhoven said, the company had won new accounts and had improved its win rate against EMC Corp.

Compare those comments to the ones you posted on the 29th from this article by Kim Renay and some hear-say reporting- Andersonhttp://www.techweb.com/wire/story/TWB20010126S0007
Despite increasingly aggressive efforts to crack its stranglehold on the storage sector, EMC Corp. continues to leave its competitors far behind and is actually expanding its market share, the research firm IDC found...
"To many market observers, EMC's continuing dominance in creating and maintaining disk and tape storage services isn't all that surprising, even in the face of an increasing number of shots across its bow from a formidable array of rivals.
The market for computer data storage is expanding rapidly, and experts say EMC's market savvy gives the company a leg up.
The IDC report comes on the heels of an EMC fourth-quarter earnings announcement that -- in stark contrast to many of the other tech companies being battered by the slowing economy -- met expectations and promised a strong year ahead."

The storage verbal espousing continues with the big boys as ADIC quietly carries on doing their quality business.

Puna
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