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Technology Stocks : Adaptec (ADPT)
ADPT 17.10-8.5%3:59 PM EST
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To: jelrod3 who wrote (897)1/19/1998 9:06:00 PM
From: Jim Switz   of 5944
 
jelrod3 said:

"ADPT's manufacturing plant is in Singapore, and presumably, ADPT sells disk drive controllers to Seagate. Hmmmm....wonder if the lay offs at Seagate will have an impact on ADPT??"

Even if Seagate is an ADPT customer (I wouldn't be surprised), this particular fact may not affect Adaptec, since the ADPT Singapore plant is a manufacturing/packaging facility for board-level and enduser products. They source all of their silicon through outside foundries (ADPT has no silicon fabs of its own) like TMSC.

Therefore, a falloff in Seagate business may affect ADPT chip-product revenues/earnings, but I doubt it would have much effect on their Singapore headcount. Other factors might, but probably not this.

Jim
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