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

To: Tom M who wrote (694)	12/4/1997 10:44:00 AM
From: Arthur	Read Replies (1) \| Respond to of 5944

BEAR STEARNS REITERATES BUY ON ADAPTEC (ADPT.O) - BEAR STEARNS SOURCE REUTER 10/4 9:42 nasdaq.com

To: Tom M who wrote (694)	12/4/1997 11:23:00 AM
From: Pierre-X	Respond to of 5944

Hello all. Let me jump in here and say I like the story on ADPT for the following reasons: 1. Proven track record 2. Market leader 3. On top of new technologies 4. Drive sales volumes will increase. The Soundview guy has it exactly wrong, trouble in the DD biz will lead to increased unit sales, particularly in the enterprise segment where ADPT is strongest. Milton Friedman's elasticity of supply theory teaches us that the smaller the proportion of total cost, the less price elastic the component. The ADPT controllers and controller chips are a small proportion of the total cost and therefore should do well. Normal demand curves slope downward therefore: accelerated price declines => increased demand. PX