SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Adaptec (ADPT) -- Ignore unavailable to you. Want to Upgrade?


To: The Philosopher who wrote (1629)4/8/1998 6:31:00 PM
From: Camron Rafizadeh  Read Replies (2) | Respond to of 5944
 
This is a great move! It shows a great deal of forward thinking that one can expect in a very dynamic market from upper management. But once again, this is a long term view, not necessarily in favor of short term one.
This is not gonna go well with money managers.
And that is who ADPT needs to get on board. My guess is that ADPT does have no clue as to how to deal with money managers. ADPT is just doing the right thing BUT!

Take a look at this article!
fast.quote.com}takiguyceket
According to Jim Matheson, ADPT it is doing the right thing i.e. to exploit the market situation.

Best of luck,,, Camron
PS. Get ready we may see 17 - 18 on this stock.



To: The Philosopher who wrote (1629)4/8/1998 7:34:00 PM
From: Starowl  Read Replies (4) | Respond to of 5944
 
Great move. Ridge appears to be (or wanted to be) an integrator of mass storage devices (as RAID systems) rather than producer of the drives or other hardware needed. It apparently has developed software necessary for its products. And Adaptec was instrumental in Ridge's startup, which only began on 7 October, as an investor and also had a deal to supply SCSI and other technology. According to Ridge,

"one of our first moves was to forge strategic alliances with industry leaders such as Adaptec, Inc., a leading provider of high-performance I/O, connectivity, and network products. Ridge Technologies received initial investment funding from Silicon Venture Partners LLC and from Adaptec. In addition, Adaptec will provide Ridge with its SCSI and Fibre Channel technology through an OEM arrangement."

Symbios produces RAID systems, including large capacity drives (MetaStor). My guess is that Ridge CEO Graham will move his operations to the Symbios unit that produces those systems. It would become Adaptec's new Storage Solutions Division. Just a guess. But why not use your own drives to integrate?

Starowl