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: Jim Switz who wrote (911)	1/20/1998 11:53:00 PM
From: Charlie Smith	of 5944

[ADPT conf call] Jim: Listen for yourself: 800 633-8284. Reservation code is 3678733. I've been on 9 calls today and I'm tired. Really not a whole lot new on the call. As noted on Jan 8, desktop SCSI is weak due to lower price points in corporate market. SCSI drive prices are falling, which should help, but Ultra DMA is giving SCSI strong competition in the North American dealer/VAR market. Saviers said $.40 in the March quarter, with 1 distribution customer also already saying that sell thru is improving in January. Just one data point though. Ten million share buyback is not just a token, and they have the cash to do 3X that ($728 MM) @ 12/31/97. Regards, Charlie

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