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Technology Stocks : Adaptec (ADPT)
ADPT 17.23-6.9%12:01 PM EST

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To: Mark who wrote (2622)6/12/1998 3:12:00 PM
From: Patrick O'Connor  Read Replies (2) of 5944
 
Mark,
<<I earlier said that I'd be happy with a PSR of around 0.7>>

Why would you be happy with a PSR of .7? That to me would indicate that ADPT had serious irrevesible problems not just change and competition to manage and deal with.
When Symbios deal closes they will be at a price to sales of approx. 1 in an industry with an average of 2.73, a sector with an average of 5.94 and the S & P 500 average of 3.57.

???
Patrick
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