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Technology Stocks : Adaptec (ADPT)
ADPT 14.09-0.3%Nov 14 3:59 PM EST
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To: hitesh puri who wrote (2172)5/14/1998 5:22:00 PM
From: Dougerdad  Read Replies (1) of 5944
 
We have not seen the bottom yet. See my previous posting,
but Adaptec has some market demand issues which Ultra2 products will not solve. I do not believe (and I work in this industry) that
SCSI has the same growth potential that it had a year ago. Its
getting hit hard on the low end with Universal Serial Bus (Windows
98 has sypport for USB) and
on the high end with Fibre Channel. Also their peripherials group
revenue has declined from $68M to $45M/qtr, and may go lower.

Additionally, Adaptec has yet to prove itself with its new
investments (over $350M invested in the last few years).

This thing will turn in the long run, but in the next 6 months,
its drifting down.

Regards,

Dougerdad
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