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

To: ChiTao who wrote (1540)3/31/1998 10:42:00 PM
From: Tom Terf  Respond to of 5944
 
ADPT is being sued by every fleabagger in the
country. I hope their strategy of pre-announcing
or not is the right one.

Of course, a case can be made for them on this one.

Why did they wait to announce the layoff ?
What did they know and when did they know it ?

Don't need 15 more lawsuits.

Cheese !



To: ChiTao who wrote (1540)4/1/1998 10:06:00 AM
From: Mark  Read Replies (2) | Respond to of 5944
 
From the "job loss" press release. biz.yahoo.com

Grant Saviers, Adaptec's chairman, CEO, and president said:
''We are forced to take this difficult measure in response to
turmoil in the personal computer industry. Recent announcements by
other companies indicate these trends will continue.

I'm afraid this just confirms many people's worst fears........

Mark


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