Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 15.78

-4.1%

3:59 PM EST

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To: Patrick O'Connor who wrote (2608)	6/12/1998 12:55:00 AM
From: James Harold Alton	Read Replies (1) of 5944

Patrick, I was really impressed by how well ADPT held up in the awful market today. A number of the really beaten up techs actually ran up today against the tide so maybe some interest is returning to this sector. With the earnings downgrades it appears to me that while a correction was in order, that it was over done..the good companies good clobbered right along with the weaker ones. I understand the W/D is technically in default of some of it's bond provisions for instance and losing big $$, yet ADPT, which is cash rich and well in the black got clobbered about the same % wise. I originally just bought for a quick flip, but after studying the fundamentals some, decided to double up and keep some longer term. I feel for those that are holding from much higher prices, I have been there too. I think that there is some good value here and that these are fire sale prices..time will tell for sure. James

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