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Technology Stocks : Adaptec (ADPT)
ADPT 15.76+6.1%Dec 10 3:59 PM EST

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To: Torben Noerup Nielsen who wrote (1098)2/24/1998 7:52:00 AM
From: Zeev Hed  Read Replies (2) of 5944
 
Torben, are you trying to dissuade me from buying into Adaptec here?

If they acquired Symbios at their own Price to Sale ratio (which is by itself low at this point relative to the rest of the industry), would it have been a good acquisition?

What I am trying to say in a round about way, why is the street beating up on this stock? Fundamentally it is cheap, but technically it is not showing much strength, usually, when the FA and the TA do not agree, I wait to see the picture clear out. You are pointing to some fundamental weaknesses, and I am wondering if all those are sufficient to justify the current price. Maybe someone can point to additional rational reasons for the weakness?

Zeev
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