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Technology Stocks : Adaptec (ADPT)
ADPT 17.33-0.2%Nov 3 3:59 PM EST
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To: Brendon Woirhaye who wrote (1257)3/20/1998 2:33:00 PM
From: Starowl  Read Replies (1) of 5944
 
Brendon: Welcome. But be prepared to wait awhile for positive action. As you can see from the great discussion on this thread, there are many factors at play, which make this stock one of the more interesting to follow.

- Earnings warnings projecting flat or worse quarter, but the company is dominant in its field. Where's the competition? Is bandwidth becoming less of a need? I'd say just the opposite.

- Sudden depletion of cash reserves but through purchase of a profitable company in the same business. Seems ok to me.

- Management with a strong positive reputation but now charged by law firms and their allegedly bilked clients for telling lies about the company's prospects. And this after so many outstanding quarters that have handsomely rewarded longs--suddenly the management went bad? And after so many good years (and let's not forget the company is still turning a profit) the management has suddenly gone blind and lost its judgment, buying a dud? Hmmmmmm.

And so on. All this has injected uncertainty into the stock at this time. Now's the time to accumulate, I think.

The stock may lose a few bucks over the next few weeks/months, sure. Those thinking of investing heavy maybe should wait for a better time to enter. But I'm not much for timing the market but would be tempted to buy more, if the stock dips to 20. I think the company is a sound investment. But strong nerves are a plus.

Starowl
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