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

To: Camron Rafizadeh who wrote (1220)	3/19/1998 8:58:00 AM
From: Mark	Read Replies (1) \| Respond to of 5944

Camron, I used to invest in stocks purely on the basis of their good technology. (If you check my profile you can establish whether I'm likely to know anything about technology). These were my "young" investing days, and with this strategy I made some profits and I made some losses. Many of the stocks I invested in had great technology, but poor profits, and over a period of time never did anything financialy spectacular. Annoyingly, many companies with terrible technology seemed to make tons of money, and continually improved their profits and their stock price ! What I have learned is that it makes more sense to invest in companies with great management than great technology........ It is possible that ADPT has both. Short term this stock still looks under pricing pressure. Fundamentally the need to close some open questions will depress things until some hard facts emerge (a key one is whether, or when will S&P raise their credit rating ?). Technically, the MAs, volumes, stochastics, etc., are also bearish. I have expressed an interest in buying this stock, which should suggest that I like the company. Should the price becomes attractive then I will buy some stock. If I were simply interested in their technology then I would buy their products. Hopefully at the time that this seems like a financially sensible decision, it will also seem so to the fund managers who drive the market. Maybe then all the longs will make some money. Silicon Investor is a wonderful site, but it has two major problems. The views expressed are usually more optimistic than reality, and many contributors put technical considerations ahead of financial. Since this is a site we hopefully all use to develop our investment strategies, we need to be wary of both. Perhaps you could explain why you disregard Intel as being a threat to ADPT's SCSI market ? Mark