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Technology Stocks : Adaptec (ADPT)
ADPT 14.57-1.0%3:12 PM EST

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To: N. David Lessani who wrote (1443)3/28/1998 2:03:00 PM
From: Mark  Read Replies (3) of 5944
 
This is one of VERY FEW HIGH TECH CO. who has PE ratio of 11 !

If you take the more recent earnings estimates for '99, then we are
already trading on a forward PER of 16. Furthermore, what PER would
you reasonably give to a company with declining earnings ?

I think if we are trying to work out a fair market price for ADPT then
PER is not presently a good one to use.

Mark
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