Advanced Digital Information Corp. (ADIC) Message Board

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Technology Stocks : Advanced Digital Information Corp. (ADIC)

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To: JakeStraw who wrote (2260)	4/30/2004 11:49:21 AM
From: Jim Oravetz	Read Replies (1) of 2283

Below is a synopsis of why these two stocks have a Zacks Rank of 4 (Sell) and should also most likely be sold or avoided for the next 1 to 3 months. Note that a #4/Sell rating is applied to 15% of all the stocks we rank: 4/23/04 Advanced Digital Information (NASDAQ:ADIC) provides hardware and software-based data storage solutions to the open systems marketplace. In February, Advanced Digital Information reported fiscal first quarter net income per share and sales that improved upon year-ago levels. But even though sales advanced by +22%, the result was still below what some analysts were expecting at the time. Several analysts responded by pulling back slightly on their earnings estimates for the year ending October 2004, leaving expectations a penny below levels from three months ago. Nevertheless, Advanced Digital Information is an innovative company whose growth over the last few quarters has been among the best in its space. But for now, a good move may be to stay patient and wait a little bit longer on taking a position until analysts give its earnings estimates a boost.

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