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Technology Stocks : Adaptec (ADPT)
ADPT 18.68-0.9%3:59 PM EST

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To: Arthur who wrote (945)1/24/1998 12:48:00 PM
From: Charlie Smith   of 5944
 
[strike suits]

In the case of the recent suits announced against ADPT, the issue is not forward looking statements made under the Safe Harbor law passed two years ago. As I understand it, the plaintiffs are arguing that ADPT failed to properly communicate a change in accounting policy regarding unsold merchandise in the dealer channel. The company will argue that there was no change in policy.

Charlie
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