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

To: Starowl who wrote (1632)	4/8/1998 8:14:00 PM
From: Carl W. Dunlap	Read Replies (1) \| Respond to of 5944

Starowl, This is the announcement I was referring to. You are exactly right in your assumptions. Adaptec is structuring itself for the FUTURE. Three main areas of focus: Systems (includes Storage Solutions), Host Interface Solutions, and Peripheral Solutions / Semiconductors. I think it is a great strategy. So the stock is beaten down now, but the positioning for the future is good. Long on ADPT!

To: Starowl who wrote (1632)	4/9/1998 7:20:00 AM
From: w2j2	Respond to of 5944

Starowl, To what extent will Adaptec be competing with its own customers? wj

To: Starowl who wrote (1632)	4/9/1998 11:30:00 AM
From: Tom M	Respond to of 5944

Hi guys, what are the implications of the all stock deal? Do they have it sitting around or issue more? Either way, won't our eps get diluted? Sounds like another long term potential acquisition and I'll say it costs us 10 to 20% off the $20 price by next Wed or Thurs, ie I'd say 18's a given now, with 16 a possibility if we have a tax selling correction by the 15th. If the past track record holds, another acquisition = another new low. I'd have to imagine that once we build a base after this one, we're at a bottom, if they stop buying companies this Q!

To: Starowl who wrote (1632)	4/9/1998 1:47:00 PM
From: Maverick	Read Replies (1) \| Respond to of 5944

Adaptec forced to adapt to a changing market place By Carol Haber of Electronic news Excerpts follow ...Adaptec is feeling the pain, like so many other cos connected to the PC market, of the low-end trend. Its high priced, high performance SCSI devicess are now a luxury. PC OEMs can ill afford as they try to eke a buck out of the ever-cheaper sub $1K machine. The co is also reeling from turbulance in the priced-battered and oversupply disk drive market, for which it sells IC controllers. W/o wasting time (initial impact of the trend was felt at the end of Dec-ended 3rd qtr), Adaptec is severely cutting costs and searching for new avenues of growth. The low-end trend, so far, shows no sign of abatement. Las week it said it would lay off 7% of the work force - mostly in the US (200-250 people) - and take a charge of $8- $12 MM. Both the layoffs and charge are expected in its 1st qtr ended 6/30. At the same time, Adaptec will annonce relatively soon some significant moves toward new growth areas to guarantee future profitability. Bruce Frymire, director of worldwide PR, told Electronic News: "The simpler office computer is forgoing some of its luxurious accoutrements it had in the last year or so, and the latest has been SCSI. Downward price pressure on the desk top computer biz has emerged as a chalenge for any co. that makes high-performance, higher-priced add-ons for computers as we do. We make SCCI host adapters. When the computer is priced at $800, it doesn't leave room for a performance accelerator and SCCI. OEMs have largely gone with alternative tech (EIDE) which gives them disadvantages, but for the short term, they seem to be willing to live with those disadvantages". Meanwhile, Adaptec is "doing all we can in the near term to reduce cost."