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

To: N. David Lessani who wrote (1443)3/27/1998 6:53:00 PM
From: Starowl  Read Replies (1) | Respond to of 5944
 
N. David Lessani: Patience is necessary; rewards will come. Apparently were some big purchases today. We will ride the wave up, I hope. Hang ten!

Starowl



To: N. David Lessani who wrote (1443)3/28/1998 2:03:00 PM
From: Mark  Read Replies (3) | Respond to of 5944
 
This is one of VERY FEW HIGH TECH CO. who has PE ratio of 11 !

If you take the more recent earnings estimates for '99, then we are
already trading on a forward PER of 16. Furthermore, what PER would
you reasonably give to a company with declining earnings ?

I think if we are trying to work out a fair market price for ADPT then
PER is not presently a good one to use.

Mark


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