Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 14.50

-0.1%

3:59 PM EST

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To: Analog Kid who wrote (1416)	3/27/1998 12:55:00 AM
From: Fred Fahmy	Read Replies (3) of 5944

Digital Man, <Just throwing this out there....suppose todays action could be related to Komag's warning about their Q and the overall gloom and doom about the drive market?> Doubtful since SEG, WDC, QNTM, HMTT, INVX, and APM were all up sharply today. In fact, today was one of the best days for the disk drive stocks in some time. Pretty amazing considering KMAG's announcement. It's probably getting to the point were every bit of bad news from this sector is already priced into the stock. I don't have a position in ADPT but it sure looks attractive at these levels. I am considering initiating a position tomorrow as a long term play. The stock is nearly at a 2 year low and earnings haven't been that bad. The long term fundamentals look good to me. Can anyone summarize what is keeping this stock down so low?? Thanks, FF

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