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

To: Bald Man from Mars who wrote (2043)	5/5/1998 4:35:00 PM
From: jgercke	Respond to of 5944

Bald Man, Of course, who knows? My guess is that we may see some more softness but I don't think anything big unless some more bad news comes out. The problem I see is that earnings visibility is poor for the next couple of quarters at least, and there is some potential for additional unexpected poor results. We certainly haven't seen the results of all the analysts recrunching their numbers yet and adjusting their recommendations (if they do). And if the market gets spooked ADPT would be a logical place to raise cash if the concensus was that nothing was going to light a fire under it in the near term. As I have noted before, I would like to see the post merger proformas on the company and see ADPT get past any antitrust scrutiny which may be thrown its way. I guess we put in new lows today at 19, as my data showed a previous low of 19 1/16 (though I am not positive of this). jg