Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 15.74

-4.4%

3:58 PM EST

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To: Patrick O'Connor who wrote (2608)	6/12/1998 11:25:00 AM
From: Mark	Read Replies (3) of 5944

A question for all. When ADPT closes its purchase of Symbios ADPT should have a PE of 6 to 8, a price to sales of 1 to 1.1, some additional pricing and margin control provided by owning some production, where do you think ADPT will be headed price wise? I'm thinking short term back to $19 to $20. Patrick, 1) How do you figure a PE of 6 to 8 ? Do you have ANY figures for Symbios' profitability ? What do you think their earnings will look like by the time ADPT own them ? 2) Agree about the PSR numbers, but don't yet see these as "attractive". My buy point is a PSR of about 0.5 to 0.75 (according to the state of the market). (See - Message 4399826 ) 3) "Owning production" - many here see this as a mill stone. i.e. it will cost a lot of money to keep the fab competitive........ (I haven't made up my mind on this aspect). 4) I'm thinking short-term that the market is melting, and we might see < $10........ Mark

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