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Technology Stocks : Adaptec (ADPT)
ADPT 15.44+0.1%Dec 12 9:30 AM EST
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To: Charles Tutt who wrote (777)1/8/1998 7:33:00 PM
From: Torben Noerup Nielsen  Read Replies (2) of 5944
 
While this is bad, it isn't unusual given earnings below expectations. However, look at the bright
side, Adaptec still has earnings and nothing has changed in the fundamentals since this
morning.

I checked out some company research reports and what interests me is that no one seems to be
paying attention to the deals with Loral and EUTELSAT. Potentially, there are a lot of customers
there and it appears that Adaptec is getting a lock on the interface boards. But it does not
appear that anyone is giving them credit for potential earnings from this market.

I bought a fair amount recently and this drop smarts. But if they really dive, I might take it as
an opportunity to buy more. I think it will come back. But not right now.

Cheers, Torben
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