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Technology Stocks : Adaptec (ADPT)

ADPT 14.52

-1.3%

Nov 11 3:59 PM EST

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To: Starowl who wrote (1420)	3/27/1998 8:24:00 AM
From: Starowl	Read Replies (3) of 5944

All: Interesting comments from today's Briefing.com, FWIW: "Techs also drew strength from the disk-drive sector which renewed its recovery rally on the back of an earnings warning from Komag... Seems that the worse the news the better the group does... As we noted a couple days ago on this page, when a group rallies in the face of bad news it signals that negatives are fully factored in, and that the market is looking ahead to recovery..." briefing.com Also: "Continue to be impressed by way disk drive stocks shrug off bad news... Seagate, Quantum, Hutchinson and Read-Rite posted solid gains despite most recent earnings warning from Komag (-9/16)... Market message-bad news is fully priced in and that outlook improving 6 months out... As such, look for the industry to continue pressing higher over the near- to intermediate-term... We noted the other day that SEG, APM and HTCH are exhibiting the most improved technical underpinnings." Starowl

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