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Technology Stocks : Advanced Digital Information Corp. (ADIC) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Oravetz who wrote (1930)	5/10/2000 1:33:00 PM
From: Jim Oravetz	Read Replies (1) \| Respond to of 2283

Shares of Advanced Digital Information Corp. (ADIC) dropped hard on heavy volume over the last week, but Chief Executive Peter H. van Oppen can't explain why. "We've been as stunned as anyone else at the stock price and the volume in the last couple of days," said van Oppen in an interview with Dow Jones Newswires Tuesday. "This drop appears to be frenzied activity among individual investors," he added. He cited the lack of large block trades - which generally indicate institutional activity - and the inundation of Yahoo!'s ADIC Internet message board. The Redmond, Wash., data storage company's stock closed at 14 15/16, down 1 5/16, or 8.1%, on volume of 3.1 million compared with average daily volume of 938,186. In Tuesday's session there were 28 block trades of between 10,000 and 50,000 shares, but none larger than 50,000; the 28 trades accounted for only about 11.6% of the session's total volume. During the last six trading sessions, volume has crossed well over the 1 million mark five times. The share price has fallen 26% during the six-day period. Carnage among technology stocks has hit Advanced Digital particularly hard over the last two months. The stock is down 70% from its 52-week high of 50 1/2 set on March 1. Van Oppen said the initial fall in the stock from its high was probably due to general dumping of technology stocks, but that the activity of recent days looks more like "rumors feeding on themselves." Advanced Digital has no news to report at this time, said van Oppen, who said the company generally releases information if it felt a news leaks were affecting the stock. The company plans to report second-quarter earnings after the market closes on May 15, said van Oppen, who declined discuss his expectations for the quarter. Two analysts surveyed by First Call/Thompson Financial put earnings at 13 cents a share for the second fiscal quarter that ended in April. Van Oppen said the company has "given no guidance to the contrary." The executive said demand for data storage is strong and that "we feel better about the prospects for the business than we have ever felt." In the first quarter, Advanced Digital increased its revenue 30% and earnings 135% compared with the year-ago quarter. Source:WSJ Jim

To: Jim Oravetz who wrote (1930)	5/10/2000 2:19:00 PM
From: Z Analyzer	Read Replies (1) \| Respond to of 2283

<<ADIC or nobody else has SDLT. Are you implying that nobody is buying ADIC products (and therefor the stock is tanking) because SDLT is not available yet? I do not see how a future product like SDLT, could be responsible for the selloff. Please state you reasons more clearly. ADIC sells products that currently support DLT and many other formats. What % is DLT, I do not know. Call IR. ADIC's future is not pegged solely on a SDLT product line, IMO. >> -SDLT is already a year late and backward read capability will lag SDLT availability significantly. (Means installed base meaningless until backward read available). -SDLT involves 4 or 5 major inventions. High continued risk of problems. -Exabyte M2 drives already on sale. LTO drives by HP, IBM and Seagate almost certain to be out ahead of SDLT. Both offer higher performance. Check the 10 K or Q for % of sales using QNTM drives. Its undoubtably very high. Just possibly these factors are one of the influences on ADIC in a difficult market where so many of the stocks that skyrocketed are now coming back to earth. -Z