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

To: Starowl who wrote (1223)	3/18/1998 10:54:00 PM
From: Jay Fisk	Respond to of 5944

LEAPS are cool ! If ADPT drops a few points before April (M Fund window-dressing, they'll be a solid LT investment. Give them a week or so to adjust to market, watch the implied volatility. Just installed a Diamond Fireport 40 SCSI-III Ultra PCI host adaptor that has a Symbios chipset. Plug n' play - it rips - similar, if not better performance than the Adaptec's 2840. $99 Good deal. The 68 pin ribbon cable at $59 not a good deal but heavy duty. Will we see $35 by end-of-year ? I think so - they're planning product (Firewire & fiber) that will be the next standard. Good company.

To: Starowl who wrote (1223)	3/19/1998 11:12:00 AM
From: The Philosopher	Read Replies (2) \| Respond to of 5944

Sorry to be ignorant (I've only been investing, in one form or another, for 30 years and still have lots to learn) but what are LEAPS? Is this good, bad, or indifferent for the stock? So far today, it keeps following Hodgkin's law. Maybe we need to pray for the general market to crash, then it will go up?????

To: Starowl who wrote (1223)	3/20/1998 5:44:00 PM
From: Starowl	Respond to of 5944

More on ADPT LEAPS. Found the AMEX link: amex.com "AMEX TO TRADE LEAPS ON ADAPTEC NEW YORK, March 16, 1998 - The American Stock Exchange today announced it will trade LEAPS (Long-term Equity AnticiPation Securities) on the over-the-counter stock of Adaptec, Inc. (stock/option symbol: ADPT/APQ) beginning Wednesday, March 18. Adaptec, Inc., based in Milpitas, California, provides bandwidth management technologies to organizations building the global information infrastructure. The Company's products are incorporated into the systems and products of computer and peripheral manufacturers. LEAPS on Adaptec will open with strike prices of 20, 25 and 30. LEAPS trading under the ticker symbol VYA will expire in January of 1999, while those trading under the ticker symbol LYA will expire in January of 2000." Starowl