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


To: The Philosopher who wrote (1531)3/31/1998 8:23:00 PM
From: Starowl  Read Replies (1) | Respond to of 5944
 
I think this 7 percent job reduction is not the other shoe, it's only the sock of the first foot. And not particularly surprising. Seagate cut 10 percent. Could be seen as a red flag for earnings this quarter. Now we'll see how much was factored into the price. Looks like retrenchment time. But how it will be read by the institutions is anybody's guess. My guess is we will need to call on our reserves of patience. Now, let's see, where did I put the scotch?

Starowl

Hanging tough