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To: Gerald Walls who wrote (2024)	1/9/1998 3:51:00 PM
From: Mark Oliver	Read Replies (2) \| Respond to of 3029

Adaptec to miss earnings. Who's next? I predict Hutch will give us another blow soon. Regards, Mark NEW YORK, Jan 9 (Reuters) - Shares in Adaptec Inc dropped sharply in pre-opening trade Friday after the company said it foresaw third-quarter income well below analysts' estimates. ''The disaster du jour seems to be Adaptec, because of the warning,'' a dealer said. Trade overall was quiet. Adaptec was trading at 24-3/4 from a Thursday closing price of 35-15/16. The share had fallen to 27-1/4 in after-hours trade Thursday. The company, which makes computer subsystems, software and chips, said after markets closed that it expected to report third-quarter operating income of $0.35 to $0.40 a share, or $0.21 to $0.23 after charges. The forecasts are well below a consensus estimate for operating income of $0.56 a share, according to First Call.