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

To: Starowl who wrote (1894)	4/30/1998 10:44:00 PM
From: Torben Noerup Nielsen	Respond to of 5944

Starowl, >These could be conservative statements. You had better believe that all statements made by company officials are cleared by their lawyers first. And given recent events, I am quite certain that the lawyers have made absolutely sure that everyone making official statements on behalf of Adaptec understands the term ''conservative" like never before..... Adaptec must err on the side of caution for now. Cheers, Torben

To: Starowl who wrote (1894)	5/1/1998 1:12:00 AM
From: Jay Lowe	Read Replies (1) \| Respond to of 5944

>> high inventories in the channel continuing into the second quarter The DD sector guys are making noises like the backlog is clearing out (see WDC & INVX earnings report).

To: Starowl who wrote (1894)	5/1/1998 7:48:00 AM
From: Johnathan C. Doe	Respond to of 5944

Starowl, analyzing everything; I think we are in good shape. If we take a hit; it will only last 3 or 4 days max. barring some catastrophe in the tech market as a whole. Within a few week; my bet is we will be above where we closed before earnings were released. I think we are at a bottom with bad news priced in and the market loves nothing more than having all the bad news on the table in clear view. Buying often is done under these circumstances; not much selling. As noted; none of this was a surprise and that is what causes the over the cliff type market reactions. We already had that.