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Technology Stocks : Adaptec (ADPT) -- Ignore unavailable to you. Want to Upgrade?

To: K Rahim who wrote (685)	12/3/1997 3:37:00 PM
From: David Fick	Read Replies (3) \| Respond to of 5944

K Rahim, I have the exact same question but have been unable to find the answer. I have a call into IR and if they ever get back to me that will be my first question. However in my quest for the answer I did find in ADPT's 10-K filing for 1997 a list of ADPT's OEM customers. In a list that included fifteen companies, neither Western Digital or Micropolis shows up. I would think that if WDC & Micropolis are/were large customers they would show up in the list. The fifteen companies listed were: Acer, Compaq, Digital Equipment Corporation, Dell Computer Corporation, Fujitsu, Gateway 2000, Hewlett-Packard Company, IBM Corporation, Intel Corporation, Iomega, Maxtor Corporation, NEC Technologies, Samsung, Siemens Nixdorf, and Toshiba America. ADPT's 10-K (and other SEC filings) are at: adaptec.com Even if the disk drive companies are large customers I find it hard to believe that their potential decrease in drive controller chip orders works out to 18% (the % drop in ADPT the past two days) of ADPT's current or future sales. With the current sketchy information and barring some additional bad news that has yet to be disclosed it would seem to me a perfect time to pick up some more of this great company (which I am doing right now). Regards, Dave

To: K Rahim who wrote (685)	12/3/1997 7:25:00 PM
From: David Mullins	Read Replies (1) \| Respond to of 5944

From the Dow Jones Newswire: Soundview analyst Scott Randall cuts estimates for third qurter to 58 cents from 59 cents and fiscal 1998 from $2.24 to $2.22 because of slackening demand for the company's disk-drive controller chip. It also says "Adaptec, of Milpitas, Calif., gets only a relatively small portion of its revenue from this SCSI microcontroller. But investors were quick to conclude that any slowdown in sales might make it more difficult for the company to continue its record of exceeding Wall Street's quarterly earnings estimates."