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Technology Stocks : Adaptec (ADPT)
ADPT 17.30-6.5%Feb 4 3:59 PM EST

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To: Zeev Hed who wrote (2674)9/30/1998 11:45:00 AM
From: slob  Read Replies (2) of 5944
 
Zeev, I'm looking at ADPT as a long term play. What do you think?

My greatest concern is that tax loss selling just kills this stock. It's hard to say which way ADPT will go from here. At about $10 I like all the ratios but the thing that still scares me is the decreasing Revenue coupled with Gross margin pressure. I'd really like to see a final capitulation with a drop to under $7 but I think that's just wishful thinking on my part.

If we do get some tax loss selling this will be a great stock to own coming into the new year.

Slob
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