Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 15.76

-1.3%

Jan 9 9:30 AM EST

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To: Jim Switz who wrote (3186)	7/25/1998 10:48:00 AM
From: Larry J.	Read Replies (2) of 5944

Jim, I received mine yesterday as well. It is pretty ironic that it shows up on the day that ADPT closes at something like it's 2 -3 year low. While I haven't read through it yet, I like it a lot. Definitely not the usual "throw away". After a day to reflect on the week (and another 2 1/2 point haircut), I am very comfortable maintaining ADPT as one of my larger holdings. An 80% drop from its high following 54 consecutive quarters of revenue growth (and a "plan" in place to recover) is as gross an overreaction as I've seen in a former elite tech. stock. I think ADPT's a frickin steal at $11 per share. (Caveat emptor....I thought so @ $13 too!). I'll plan to meet you at the annual mtg. We'll figure something out closer to the time. Larry

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