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Technology Stocks : Adaptec (ADPT)
ADPT 17.51-1.5%Jan 16 3:59 PM EST

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To: Robert O who wrote (3616)9/9/1998 4:26:00 PM
From: Jim Switz  Read Replies (1) of 5944
 
Yep, I was wrong, wrong, wrong! There is slightly over $6/share in cash as I recall, but this is from memory. It's been almost a month since any news from the company, and a lot longer than that since any positive news. Sure hope we get some soon. I'm expecting to hear an announcement of the conference call any day now, and there are rumors of another layoff as soon as maybe today.

They seem to be serious about getting costs in line; now we need to see evidence of revenue enhancement.
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