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Technology Stocks : Adaptec (ADPT)
ADPT 15.91-2.0%Jan 2 9:30 AM EST
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To: Torben Noerup Nielsen who wrote (3053)7/22/1998 6:50:00 PM
From: James McMahon Jr.  Read Replies (4) of 5944
 
I always thought, and in hindsight it has been been proven many times, that the best time to invest in a downtrodden stock was when the news just couldn't realistically get any worst.Well, we certainly have gotten plenty of bad news lately and the recent resignations have just added fuel to the fire. My question to the group is, can this company turn around or is an investment in Adaptec the equivalent of an investment in a buggy-whip manufacturer when cars came on the scene? Or is the typewriter analogy more appropriate? In either case, will we just have to wait and see if scsi will die fast or slow, or if Adaptec has a viable way to generate the vast sums of money they made on the aforementioned technology, or maybe we just sit in the stock nether-world, neither up nor down....this is my first post, go easy on a newbie!
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