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

To: Mark who wrote (1565)	4/2/1998 7:33:00 PM
From: Starowl	Read Replies (2) \| Respond to of 5944

Mark: You play a great devil's advocate! I think that's an indication you really like the company and see it as a longer term investment. Your points have merit and there is logic in your argument. And that just may be the flaw. What we see, the facts or indicators that are palpable, aren't that positive. But we don't know what's coming. There may be good news coming that will start some upward movement. Bottom line is I think you may be right to wait for awhile, in which case I would park my money in something going up. Adaptec is unlikely to burst upward before summer, in my view. Hope I'm wrong and wish you the best of luck. ;-) Starowl

To: Mark who wrote (1565)	4/2/1998 8:19:00 PM
From: N. David Lessani	Read Replies (1) \| Respond to of 5944

PE Mark: According to "First CALL" the last figure for adpt 1999 earning is $1.77 per year. Where do you get pe of 17? Regards,

To: Mark who wrote (1565)	4/3/1998 7:34:00 AM
From: Tom M	Read Replies (2) \| Respond to of 5944

Mark re >>Errrrr, did I miss anything ?<< how about it's now OLD news? When we can compile such exhaustive lists of negatives based on public information, one could assume it's in the price. If ADPT had announced the last earnings miss this Q instead of last Q, it probably would have gone up now that we're in the kinder, gentler, new era <g> If this thing goes much lower, I wouldn't be surprised to see Greenspan himself on Bloomberg some morning plugging Adaptec!<g> No one knows what will happen, but like I said before, if everyone's waiting for it to go to 18, it probably won't.

To: Mark who wrote (1565)	4/3/1998 9:41:00 AM
From: gda	Read Replies (2) \| Respond to of 5944

Mark, whats in the P/E? I am not a professional trader but I do run a hi-tech company that happens to be involved in Symbios/Adaptec business. I would like to ask you a few questions (excuse me if they seem like stupid questions to you) : 1. If the valuation of the stock is determined by the P/E, what will happen to it after the Symbios deal goes through: A. It will double, because Symbios earnings are at least as high as adaptec's B. It will triple, because redundant costs will be cut which will drive the combined company's earnings even higher. 2. If the valuation is determined by the PSR wouldn't it double after the Symbios etc. since the combined company will have close to have doubled adaptec's sales? As I said, I am not a professional trader and do not have the time to research all aspects of a company's valuation. Of course, I have raised the questions above not because I believe the stock will double or triple right away, but because I think this acquisition was a brilliant move that will HAVE to have a positive effect on the price! Regards, gda