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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Pierre-X who wrote (3221)	5/5/1998 6:41:00 AM
From: LK2	Respond to of 9256

PX, how is ADPT a major company, or a significant indicator of the disk drive sector? 1. Is ADPT a major company? ADPT shares outstanding=114.1 million Current share price about $20 market cap about 2.2 billion The market cap makes this a (smallish) mid-cap stock. The stock is one out of hundreds of mid-cap stocks, and unless you're working for ADPT, I think very few people would consider the company major or very important to the stock market as a whole. Even in tech stocks, I doubt many people would consider the company as a major company. It's a niche player. 2. Is ADPT a significant indicator for the disk drive sector? For SCSI, ADPT has significance. But how is ADPT significant as an indicator of the stock price/fundamental company performance of QNTM, SEG, WDC, or any of the other drive makers? If the drive stocks are doing well, ADPT could be doing well. And if the drive stocks are doing poorly, ADPT could be doing poorly. The relationship of ADPT to the disk drive sector is closer than its relationship to a stocks like Merrill Lynch or Citicorp, but I don't think that makes ADPT a significant indicator for the disk drive sector. Regards, Larry PS: You yourself say >>incorporation of 1394 into PC chipsets could drive ye olde wooden stake through ADPT's heart<<. Doesn't that point up the niche character of ADPT?