Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 16.17

+1.6%

3:59 PM EST

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To: Jim Switz who wrote (3170)	7/25/1998 12:17:00 AM
From: Gary Burton	Read Replies (2) of 5944

I listened to the CC again looking for furthur items of interest-----1)In reply to an analyst's question, Saviers clearly hinted that divestiture/shut down of some non-core elements not pulling their weight are going to be implemented..My suspicion is that soon the prevailing sentiment will become "geez, they.re finally doing something, look at how they're wrestling down those costs and boosting mgn potential--let's buy!-------2) They are 'currently in qualification testing at several' (oem's) with hopefully some announcements coming in the "Aug/sept" timeframe (translation-let's see if we can have some good news for the AM). ------This stock may well see 9-10 in the next week or so given the momentum but with say 2$ downside and 12$ upside on a momentum reversal, why anyone in their right mind would continue to sell down here sure escapes me.

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