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Technology Stocks : Adaptec (ADPT)
ADPT 16.46-4.9%3:59 PM EST
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To: The Philosopher who wrote (2685)6/15/1998 4:58:00 PM
From: Jim Switz  Read Replies (2) of 5944
 
We were doing quite well, breaking even to down only very slightly, until the last 1/2 hour when things fell apart on the last 500,000 shares or so traded. Looks like we fell off a cliff with the rest of the broad markets, but damn, I wish it'd held above 13. We're now down 77% from the Oct. 7 high.

Unless the officers are in jail and the company's going out of business (both unlikely, I guess ;-) ) it sure seems like a ridiculously low price level. And Larry J's comments (above) about Symbios and current quarter's numbers make it seem like no immediate fundamental catastrophes on the horizon. Let's hope so.
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