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Technology Stocks : Adaptec (ADPT)
ADPT 14.50-0.1%Nov 12 3:59 PM EST
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To: The Philosopher who wrote (1430)3/27/1998 12:22:00 PM
From: The Philosopher  Read Replies (1) of 5944
 
Rachel Havens called back promptly. They are comfortable with the lower end of the 4Q 98 estimates ($.26-.40). As to the FY 99 estimates she suggested that brokers did their homework when the FY98 figures were in, and suggested, without being specific about it, that I should not get too concerned about those estimates until full FY98 numbers were available and analyze. However, she did say that the 1st 2 quarters of the year, presumably including FY 99 starting April 1, were historically weak; Q1 was usually weak and Q2 all of Europe was on vacation, so we should not expect strong numbers until Q3 in any case. (By that time we should know more about the length of the computer industry slump and the Asia problem).

I asked her about Symbios earnings and their projections for the merger, but she is prohibited from saying anything about it, and said she hasn't even seen the Symbios earnings figures herself. Sugggests we all Symbios directly.
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