Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Scott H. Davis who wrote (2161)	1/30/2001 10:38:13 PM
From: Jim Oravetz	Read Replies (3) \| Respond to of 2283

"ADIC also announced that it expects to increase various expenses including research and development during fiscal 2001 as a result of the merger which may result in reducing earnings per share by as much as ten percent this year." Sounds like a good fit for ADIC. I just started reading over the Annual Report last night, not finished yet. They did indicate that they are still on the hunt for technology - looks like they got some that fits nicely. They have indicated that software will be going like crazy, eating up R&D money to a greater extent this year. I think this is a good investment simply because many companies want turnkey solutions - hardware and software. One thing that I also did not recall every hearing or reading: some of the backup systems that ADIC makes also include optical storage, mostly they are tape units, however. I guess the question is, did they pay too much for the new addition? ..Pathlight had revenues of approximately $20 million for the twelve months ended October 31, 2000 and pre-tax earnings of approximately $5 million ADIC giving out 10.3M shares @ $24 seems very pricey. I bet the stock takes a hit tomorrow due to the big $ amount and the writeoff. Jim