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

To: Greg Jung who wrote (1975)	5/1/1998 7:14:00 PM
From: Starowl	Read Replies (2) \| Respond to of 5944

Well, of course it depends on your perspective. Statistics tell many stories. Perception is reality in this market it seems. Of the four companies I chose for the chart, only one made money in that time frame. - It wasn't Seagate, which reported a $128 million dollar loss last quarter; - It wasn't WDC, which lost $45 million; - It wasn't Quantum, which lost millions two quarters ago and only gained $2.8 million last quarter. There's only one left--Adaptec--which netted $23 million last quarter and $37 million (before one-time charges) the previous quarter. Obvious short in December is right. But if it was so obvious, what happened? Adaptec was perceived as a consistent winner. It stunned just about everyone in January. If you read archives, take a look at the recommendations for Adaptec before January 8th. I think we are living with a new reality with Adaptec and a new perception. Starowl