K Rahim, I have the exact same question but have been unable to find the answer. I have a call into IR and if they ever get back to me that will be my first question. However in my quest for the answer I did find in ADPT's 10-K filing for 1997 a list of ADPT's OEM customers. In a list that included fifteen companies, neither Western Digital or Micropolis shows up. I would think that if WDC & Micropolis are/were large customers they would show up in the list. The fifteen companies listed were:
Acer,
Compaq,
Digital Equipment Corporation,
Dell Computer Corporation,
Fujitsu,
Gateway 2000,
Hewlett-Packard Company,
IBM Corporation,
Intel Corporation,
Iomega,
Maxtor Corporation,
NEC Technologies,
Samsung,
Siemens Nixdorf, and
Toshiba America.
ADPT's 10-K (and other SEC filings) are at:
adaptec.com
Even if the disk drive companies are large customers I find it hard to believe that their potential decrease in drive controller chip orders works out to 18% (the % drop in ADPT the past two days) of ADPT's current or future sales.
With the current sketchy information and barring some additional bad news that has yet to be disclosed it would seem to me a perfect time to pick up some more of this great company (which I am doing right now).
Regards,
Dave |
