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Technology Stocks : Adaptec (ADPT)
ADPT 14.95+1.5%Dec 8 3:59 PM EST
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To: K Rahim who wrote (685)12/3/1997 7:25:00 PM
From: David Mullins  Read Replies (1) of 5944
 
From the Dow Jones Newswire:
Soundview analyst Scott Randall cuts estimates for third qurter to 58 cents from 59 cents and fiscal 1998 from $2.24 to $2.22 because of slackening demand for the company's disk-drive controller chip.

It also says "Adaptec, of Milpitas, Calif., gets only a relatively small portion of its revenue from this SCSI microcontroller. But investors were quick to conclude that any slowdown in sales might make it more difficult for the company to continue its record of exceeding Wall Street's quarterly earnings estimates."
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