Adaptec (ADPT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Adaptec (ADPT)

ADPT 18.62

+14.1%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MarkM who wrote (2194)	5/15/1998 6:11:00 AM
From: Starowl	Read Replies (1) of 5944

One sentence? Here's a Faulknerian try. Adaptec has had two sequential quarterly negative earnings surprises after a long run of positive surprises, its management projects no business recovery for a couple more quarters, it is in the midst of spending three quarters of a billion dollars to buy a related business with the attendant uncertainty, cash depletion and new debt, various related law suits challenging its integrity are casting long, dark shadows over the company, it is heavily (ca. 85%) owned by institutions which have been burned by the precipitous drop in the stock price, and its core (SCSI) business is in a transitional period with challenges from other technologies, inventory backlogs, and falling prices. Those are some of the problems I see. It is looking a bit tarnished right now. This is a transitional period for Adaptec. The stock price will depend upon how well the company manages change. We will have a better idea of that in six months. I am betting on a recovery. Starowl

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next