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 17.52

-1.5%

Jan 16 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Starowl who wrote (3010)	7/18/1998 5:40:00 PM
From: Larry J.	Read Replies (2) of 5944

If last quarter is any indication, then ADPT would not warn regardless of whether or not they were going to miss. They came @ .20 against an estimate of .28 in case anyone needed to be reminded. Had I not heard IR state first hand that they expected to meet the .20 for this Q in early June I'd be more concerned. Then again the CFO just resigned. Perhaps didn't have a handle on it either. Also, I'm hoping that they learned from their mistakes by not warning last quarter. I think that may be why mngt. came out with all the releases re: acquisition charges and writeoffs. They don't want any surprises.......except maybe an upside. I'm sticking with my .16 estimate. If ADPT can maintain flat to slightly lower revenue with last quarter (and earned .20), then with the continued cost cutting measures, .16 should be a slam dunk before 1x charges. I bought a little more on Fri. @ 13 13/16 against my better judgement. Larry

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next