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Technology Stocks : Adaptec (ADPT)
ADPT 16.24-1.1%Dec 31 3:59 PM EST
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To: Jim Switz who wrote (3754)9/19/1998 12:14:00 AM
From: Investor2  Read Replies (1) of 5944
 
RE: "The company said that it's already successfully completed this channel-reduction effort. Now, if you were running things, would you rush this effort to completion if doing so would greatly reduce gross revenue and result in a significant operating loss? Maybe not!"

I think you are looking at one too many scenarios. My guess is that management has "a fire in its gut" to reverse the recent downslide in the company. Its urgent goal is to STOP THE DOWNSLIDE AND REINVIGORATE NOW, with little concern about minor things like dragging out the inventory reduction to add a penny to current quarter earnings.

We have seen some very aggressive actions by the new (or should I say old?) management. I am impressed with their forceful actions and think that this urgency will help the company and its stock price over the long term.

Best wishes,

I2
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