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Technology Stocks : Adaptec (ADPT)
ADPT 17.81-0.4%10:56 AM EST
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To: Investor2 who wrote (3642)9/12/1998 3:38:00 PM
From: Patrick O'Connor  Read Replies (3) of 5944
 
I2,
Your answer only makes my head hurt worse. If you feel that book value is not a fair representation then you also need to take in to account terms of LTD and how cash or cash equivalents are being used. By all means feel free to discount any assets other than cash. If I used that method I would be inspired to short every publicly traded company in the world.

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