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Technology Stocks : Advanced Digital Information Corp. (ADIC)

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To: Jeff Bomchill who wrote (1155)7/26/1998 2:42:00 PM
From: uu  Read Replies (1) of 2283
 
Jeff:

> If you believe in the company, product, and management,...


Management?!! According to yahoo (which I am most confident does provide the latest up to date data. Although they maybe wrong!) Van Oppen owns only 242 shares of ADIC! How can I continue to believe in this management if they, themselves, do not believe in what they are doing?!! But who knows?! Van Oppen and friends may announce a stock buy back program by the company if they believe in the company's future and continue to think the stock is practically being given away for free!!! (or they may come to believe in their own work and buy a few shares themselves)!

As for the numbers you brought up a very good point. The EMASS purchase may in fact have an immediate positive impact on the earnings. And what happened to the much hyped Dell deal?!! At this point I am so angry/disappointed with this investment I am just going to ignore for at least one more quarter.

To be honest at this time my own ego prevents me from selling my shares and take a huge loss and admit that this has been a very bad investment!! Since by nature I am an optimist and continue to look at this company's past 2 years performance (if not neccessarily its stock!) I would like to think of the current situation as a minor temporary and short lived blip in the stock's appreciation to the low to mid $30's by the end of this year or at most early next year! Am I being a bit dreaming?! At this time, perhaps but something tells me to continue to believe in what my ego tells me that this continues to be a great investment! Time will only tell of course!

Regards,

Addi Jamshidi
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