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

To: Doug who wrote (2122)	5/12/1998 5:24:00 PM
From: Jay Lowe	Respond to of 5944

My totally naive read is that ADPT was weak and the last two days of skittish market was the last straw for people already disappointed by the earnings. Except for the big boys, today was mostly down and looked ugly early. I think this was a simple spook reaction ... and that ADPT can pop back up around 20 on any positive input. I'm looking to the long-term for nice return ... thinking fiber and ADPT brand identity. Pre-earnings, ADPT showed lots of buyers above 20 on the value story ... at anything less than 20 this value story just gets better and better. I expect to see 30+ when the fiber story starts getting ink ... I want just enough SCSI support until ADPT transitions to the new technology wave(s). I see ADPT riding those waves. I have ADPT rated at a 60% upside @35 and a 40% downside @28 within a 12 month window, yielding annualized risk-adjusted ROI = 35% at current prices. That's currently #3 on my radar screen, twice as good as Intel. So I'm in @20 and still think the water's fine ... (he says as the man with the bone through his nose adds the pepper)

To: Doug who wrote (2122)	5/12/1998 8:29:00 PM
From: Johnathan C. Doe	Read Replies (2) \| Respond to of 5944

By the time we figure out what is causing it; it will already be far down. I am going to take the warning and step to the side with half my position. I figure that at some point tommorrow it will hit 19 and I will dump out half with a 5/16 loss figuring I will re-buy it after it bases from this current downdraft. It is a precautionary move and it might cost me, but the times I have decided to ride out these moments; I have ended up down 5 to 8 points minimum.

To: Doug who wrote (2122)	5/12/1998 9:13:00 PM
From: Investor2	Respond to of 5944

Tuesday May 12, 6:46 pm Eastern Time Company Press Release Prassi Software Counter-Sues Adaptec SAN JOSE, Calif.--(BUSINESS WIRE)--May 12, 1998--Prassi Software USA Inc. today announced the filing of a counter-claim against Adaptec Inc [Nasdaq:ADPT - news]. Thomas Shea and David Ulmer individually, both of whom are employed by Adaptec, were also named in the counter-claim. The counter-claim was filed in the United States District Court for the Northern District of California and alleges claims for violations of the Sherman Act and of the Lanham Act, Intentional and Negligent Interference with Prospective Economic Advantage, Declaratory Judgement and Unfair Competition. The action was brought to recover damages, declaratory injunction relief. Prassi continues to believe in the free enterprise system and remains committed to providing all current and new customers with the widest range of software product choices in CD-R, CD-RW and DVD technologies. Prassi is grateful to its loyal customers and continues to ship all its products worldwide. If you have any comments, please feel free to forward them to freedom@prassi.com. About Prassi Prassi Software USA is committed to providing innovative, practical and quality software solutions for professional and consumer CD and DVD recording through its OEM, VAR and distribution partners. Best wishes, I2