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Technology Stocks : Adaptec (ADPT)
ADPT 15.44-2.0%Dec 11 3:59 PM EST

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To: K Rahim who wrote (682)12/3/1997 12:57:00 PM
From: Arthur  Read Replies (1) of 5944
 
CNBC (Joe Kernenÿ)reports neg. comments from Soundview about ADPT. They center on the components ADPT supplies to WDC. No more details.

To expand (a little) on K Rahim's report

"Wednesday December 3, 12:45 pm Eastern Time

MARKETSCOPE MARKETMOVERS

The following are selected from the top MarketScope MarketMovers as of 12:00 p.m.:

3COM CORP. (Nasdaq:COMS - news) Down 2 3/4 to 32 1/2... Sees slight 2Q profit; reduces inventory levels... BT Alex Brown, Lehman, DLJ downgrade... CIBC Opco rates strong buy... First Albany maintains buy.

ADAPTEC INC. (Nasdaq:ADPT - news) Down 5 1/2 to 39 7/8... SoundView removes from focus list due to concerns co.'s drive controller chip seeing weaker demand from WESTERN DIGITAL, Micropolis.

.........."

biz.yahoo.com
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