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

To: Charlie Smith who wrote (882)	1/16/1998 3:31:00 PM
From: Jim Switz	Read Replies (2) \| Respond to of 5944

Charlie and Isaac, Your explanations were both clear and sensible to me. My lack of formal accounting training is catching up with me. Does this then imply that, assuming channel inventory isn't too stuffed and demand doesn't drop sharply, the unrecognized revenue will cause a significant pop in future (possibly current quarter) earnings, and that near-term results for the company may be too heavily discounted? Just fishing for some good news for a change! Jim