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Technology Stocks : Adaptec (ADPT)

ADPT 20.46

+9.9%

Nov 24 3:59 PM EST

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To: Brendan W who wrote (706)	1/20/1998 4:49:00 PM
From: Brendan W	Read Replies (1) of 5944

ADPT may buy 10 MILLION shares. If the program was filled that would be 9% of the outstanding shares. Tomorrow's CNBC interview should be interesting. "Adaptec, Inc. announced today that its Board of Directors has approved a stock repurchase program under which the company is authorized to purchase up to 10,000,000 shares of its Common Stock from time to time in the open market.... decision was made in view of the prices at which the Common Stock has recently traded."

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