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

To: ChiTao who wrote (1006)	2/9/1998 1:52:00 AM
From: Schmedley	Read Replies (1) \| Respond to of 5944

[How could a company with 600 mil cash position afford to spend 220 mil in stock buy back?] I don't really know, especially in light of the fact that Hoovers indicates that they've got more like 245 million in cash! However, it should be noted that they've also indicated a year over year 41.7% sales growth rate as well as 107 million profit in the past year on sales of 933.9 million. So, I'm sure they have the cash flow if they so desire. Schmedley