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

To: Bald Man from Mars who wrote (2015)	5/3/1998 5:26:00 PM
From: Zeev Hed	Respond to of 5944

BMFM: We had a list of how low ADPT will go, I know my number was at 17.5 but maybe a reposting could help. I do not remember who is the "guardian" of the list. Zeev

To: Bald Man from Mars who wrote (2015)	5/3/1998 6:11:00 PM
From: jgercke	Read Replies (2) \| Respond to of 5944

Bald Man, I don't know how low ADPT will go. But I went flat on it after the earnings release because I couldn't explain why it would go up in the near future. I think it is a very good company with an outstanding website, really nifty annual reports and good future prospects. But the short term earnings visibility bothers me, as I suspect that it could underperform just as easily or more easily than generate an upside surprise, and those odds don't excite me. I would like to know more about the post-acquisition proforma; in fact, I may call the company and talk to them about it. Absent some positive news coming out, the company has basically said the next couple of quarters will be tough and I don't see the price having much of a forward catalyst. Much of the positive stuff in the CC has a long term flavor to it. So I'm sorta in the dead money camp. But the market is a little fickle now and could take a dive anytime, so dead money has a negative rather than a neutral bias for me now. jg