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Technology Stocks : Adaptec (ADPT)
ADPT 18.55-2.7%Jan 23 3:59 PM EST

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To: Andreas Wappelt who wrote (3382)8/7/1998 4:33:00 PM
From: Jim Switz  Read Replies (2) of 5944
 
The following was posted on Yahoo's thread by "bimbotu", who claims to be an ADPT employee, about today's employee meeting:

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"I can't share to much, however I can say that after this quarter, things will be getting a lot more exciting. There is a lot going on, most of which is confidential at the moment. What I can say, is: Intel did NOT make a bid for us, there are NO plans to sell the company, we DO have products to take us into the future, and we DO have the foresight to stay ahead of the competition. As things happen, they will be publicized. This quarter will be as indicated in the CC. Reducing inventory and expenses, improved focus and divesting Ridge. ADPT may be down for a little while, but certainly not out and will come back strong. I'm not usually a cheerleader and I'm a show-me person, but I'm very comfortable with what was said and the proof will manifest itself in the near future. Have a nice weekend!"
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Yep, it will indeed be an interesting shareholder meeting!
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