Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mark pearson who wrote (926)	1/22/1998 4:04:00 AM
From: Schmedley	Respond to of 5944

HI Mark I'm not a regular here on the ADPT thread but have been watching the stock since the big (over) selloff and looking for an entry point amid signs of a solid reversal. With todays close (a product of yesterdays announcement of a 10 million share repurchase) we have a clear re-entry point with a 9 1/2 point gap to fill. Over 600,000 shares traded in the last 30 minutes today with very little abatement on the close. Several large block transactions in excess of 100,000 shares each (including two for 300,000) are telling me that this company is in there in force and may result in a nigntmare for anyone caught on the short side of this stock.The interesting part of this mornings interview on squawk box IMO is the acknowledgement of the tremendous savings to be had as a result of the exchange rates ie, cheap labor markets in asia. With the vast majority of the companies sales in North America, this can only translate into enhanced profit margins and/ or the ability to lower prices in order to gain market share. In addition the peripheral du jeur - the scanner is becoming increasingly prevalent and for the most part SCSI dependant. Also, because forward negative considerations were taken into account in the preceding quarter, the road has been paved for a nice earnings suprise to the upside in the coming months. FWIW Schmedley