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Technology Stocks : Adaptec (ADPT)
ADPT 16.24-1.1%Dec 31 3:59 PM EST
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To: James McMahon Jr. who wrote (3055)7/22/1998 8:58:00 PM
From: Investor2  Read Replies (1) of 5944
 
Re: "My question to the group is, can this company turn around or is an investment in Adaptec the equivalent of an investment in a buggy-whip manufacturer when cars came on the scene?"

That is the key question. The current market price indicates that there are many who think that the odds are against an ADPT turnaround. However, if ADPT can turn around, by excelling in the cutting-edge I/O technologies, then the stock is grossly undervalued at $12+.

I'm betting that the street is wrong on this one, that ADPT's future is much more than SCSI, and that ADPT is grossly undervalued.

I agree with your remarks about market bottoms. The bottom occurs when the news and near-term outlook are terrible. By the time things start to look better, the price is higher. This week could be the bottom.

Best wishes,

I2

PS: The more posts like #3056, the closer we are to the bottom.
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