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

To: Starowl who wrote (1613)	4/7/1998 5:58:00 PM
From: Carl W. Dunlap	Read Replies (1) \| Respond to of 5944

Sorry I've been absent from discussions. I can't say much, but look for some more announcements Wed. ADPT is still a long term buy. Short-term is anybody's guess...

To: Starowl who wrote (1613)	4/7/1998 8:12:00 PM
From: Torben Noerup Nielsen	Read Replies (1) \| Respond to of 5944

I don't know that businesses will necessarily be the first ones to adopt this technology. I oftend go to Tokyo and every time I do, I have this long bus ride from Narita Airport to my hotel. On the way I pass by lots of apartment buildings and homes; the highway is generally elevated so you get to see a lot of rooftops. And a lot of those rooftops have many small satellite dishes. These are for analog TV reception, but they are the same size - around 50 cm or so - that you would use for digital reception. You see them on the balconies of apartments too and if you go look at electronics stores in Tokyo, they are all over. This is so since Tokyo has a pretty bad shortage of underground wiring capacity. Many other old cities have the same kind of problem. Not so much in the US maybe, but overseas it is definitely so. I think one of the pilots Eutelsat was running was in Hungary and that is probably a good example. Never forget that in many of these old cities, you don't just go dig up the road to put in more conduits. When your basic infrastructure has stood for 1,000 years or more, things tend to get a bit complicated! A small dish mounted on a rooftop or a wall is a lot easier to deal with. Again, I have not done any kind of exhaustive analysis of this market. But based on what little I personally know about conditions in other parts of the world - and on being a professional in data communications and networking - I think this has real possibilities. Cheers, Torben

To: Starowl who wrote (1613)	4/7/1998 8:33:00 PM
From: The Philosopher	Read Replies (2) \| Respond to of 5944

Another First Call downward earnings revision only 4 days after the last revision. The pattern now goes: 3/26/98 estimates: FY 1998 1.73, FY 1999 1.77 4/02/98 revision: FY 1998 1.72, FY 1999 1.73 4/06/98 revision: FY 1998 1.71, FY 1999 1.70 So with actual FY 1997 earnings of 1.72, First Call is now projecting __lower__ earnings for both FY 98 (just ended March 31, report due out April 29 or 30 depending who you ask) __and__ 1999. No wonder the stock dropped today! I'm hanging in there (not much choice!). Hope the Symbios merger brings some good news on the earnings front. But the lower 1999 estimates coming out now make you wonder about Rachel Havens' theory that the analysts aren't looking at 1999 until the 1998 figures are done. The other thing: 4Q98 estimate stayed stable at .31, but FY98 went down 1 cent, even though the first three quarters are in the bag. How can this be?? Could it be that the analysts don't know as much as they think they do? <g>