Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 14.73

-15.6%

Dec 5 9:30 AM EST

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To: Arthur who wrote (695)	12/4/1997 12:36:00 PM
From: Arthur	Read Replies (1) of 5944

Bear Stearns Thursday December 4, 12:09 pm Eastern Time RESEARCH ALERT-Adaptec estimates said cut NEW YORK, Dec 4 (Reuters) - Bear Stearns cut its 1998 and 1999 profit estimates for Adaptec Inc on Thursday, according to a source at the brokerage. -- Buy ratings on the stock were reiterated, the source said. -- 1998 estimates were cut to $2.13 a share from $2.20, and 1999 estimates were cut to $2.60 from $2.70, the source said. biz.yahoo.com The biggest slide was at Adaptec Inc (Nasdaq:ADPT - news), off 2-11/16 at 38-1/2 after broker Bear Stearns lowered the company's earnings estimates for 1998 and 1999. biz.yahoo.com

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