Advanced Digital Information Corp. (ADIC) Message Board

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Technology Stocks : Advanced Digital Information Corp. (ADIC)

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To: Jim Oravetz who wrote (2106)	11/6/2000 11:59:42 PM
From: Puna	Read Replies (1) of 2283

Well Jim it seems they are still plugging away at what they do best. I noticed how Peter van Oppen was stressing their expanding US sales -obviously feeling the pressure & nervousness of the European market place with their weak dollar. He hints of a possible recovery there. Maybe the slight recent rise in the Euro is what they are counting on. Time will tell. They further hint in this report that investments in the quarter may lower earnings, but did not directly say so. On the other hand they are staying upbeat on forecasts of reaching 100mil in sales for the next few months which would be nice. I also noticed that they now post 'more than 70k in tape libraries installed'. When I first bought into them last year around this time they were at 40,000 libraries...so they are still advancing that area as well. I wonder what "new products" they are developing? All in all I think will see some slow but generally upward movement in our investment with ADIC over the next half year, I sure hope so! Puna

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