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

To: Investor2 who wrote (2098)	5/10/1998 11:29:00 PM
From: General Crude	Respond to of 5944

Exactly, you make money by buying good companies when they are down. Nobody was recommending ASND at 23 - 25, but now at 45 it is considered a strong buy by a number of brokerage firms. We must be patient and wait for the upturn that will come later this year. Good Luck, Doug

To: Investor2 who wrote (2098)	5/11/1998 6:01:00 AM
From: Mark Brophy	Read Replies (1) \| Respond to of 5944

The previous price is irrelevant. The chairman of the board sold all his shares at 50 because it was overpriced. We own shares in a company where the highest executive has no vested interest. You need to do a zero-based accounting of the value of the company and forget what it may have traded for in the past during a period of irrational exuberance. Seagate also traded for 54 and fell down to 18 and is now at 28. The disk drive industry is cyclical and these wide swings are typical.