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

To: Charles Tutt who wrote (716)	12/12/1997 10:40:00 PM
From: jelrod3	Read Replies (1) \| Respond to of 5944

ADPT's decline to 36 1/2 represents a compelling buying opportunity. It is selling at 16.8x FYE '98 estimated earnings, and 14x FYE '99 estimated earnings. Even if you want to assume that it will grow earnings at 15% in FY 99, it is selling at 14.7x an estimate of $2.48. If you assume 10% earnings growth, it is selling at 15.2x an estimate of $2.40. For good companies like ADPT, the Asian flu is not terminal pneumonia. There's money to be made here, folks. Add to your position!