Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 14.81

-4.9%

3:59 PM EST

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To: Verona who wrote (1143)	3/7/1998 3:29:00 PM
From: Starowl	Read Replies (2) of 5944

Verona: Why do you think merger/takeover may be in the cards for Adaptec? It is an interesting idea, but what signs are there? It is very difficult to foresee a takeover, merger or any such major event. At least for the average investor. There was no talk on this thread or in any press article I saw of Adaptec's purchase of Symbios, prior to the announcement. There was some talk beforehand of rumors some unspecified company might takeover Adaptec, about a week before Adaptec took over Symbios. Seems the Symbios deal would be negative influence on other mergers or acquisitions in the works. In any event, I am long and comfortable with that. Stock price is holding fairly well but is deeply depressed. The current spate of technology company warnings (CPQ the latest) should not have too much impact on Adaptec, which has already warned--at the January earnings announcement and at the conference call after the Symbios announcement. We may have entered a demand/supply trough with techs that will distress the sector for a few more months. Should be interesting times. Starowl

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