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Technology Stocks : Stock Swap

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To: Investor2 who wrote (13739)5/11/1998 11:10:00 AM
From: Andrew Vance  Read Replies (1) of 17305
 
*AV*--Got my posts mixed up and gave a WDC opinion on an ADPT comment.
ADPT may also test a little lower when all the deals go through, especially the Symbios Deal. Especially since I think delaying tactics are being used such that the remaining Symbios employees are vested in the new stock options. These occur at the end of June. A little Hanky Panky might be going on here.

Most of the acquisitions that have taken place should not adversely affect ADPT with the exception of Symbios, being the largest and most costly. If the stock were to fall to $10, I would almost be willing to bet that ADPT would mortgage the farm, sell the cat, and entertain one of the biggest stock buyback programs the market has ever seen, in additon to the one already in place.<GG>

Now for the incorrect post:

I do not see WDC falling too much more especially in light of IBM providing the GMR technology to WDC for future high density drives. IBM is a leader in this arena but has exited the drive market. These assemblies are being sold through their OEM business unit.

I might see a retrace to 16-17, possibly, but I think WDC's fortunes may be turning for the better with this alliance for GMR assemblies. Again, JMO.

Andrew
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