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


To: MetalTrader who wrote (1340)3/24/1998 4:27:00 PM
From: Capitalizer  Read Replies (4) | Respond to of 5944
 
From Briefing.com

Analog Devices (ADI) 33 7/16 +5/8: chip maker to sell its Asic read channel technology to Adaptec for an initial cash payment of $34 mln....

My impression is that ADPT is scrambling to maintain total sales as their core market falls apart.