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

To: Mark who wrote (2127)5/13/1998 12:35:00 AM
From: Larry J.  Read Replies (1) | Respond to of 5944
 
Interesting that First Call now has 7 analysts' consensus estimates all the way down to .98 for FY (March) '99, (from a pre-earnings $1.70) without downgrading their recommendations.

This is very positive, as, ADPT just earned .20 in their worst quarter in years with mngt. citing stronger growth in the second half. We just had the bar re-set! Smells like upside surprises in the making. Was much the same with ASND when it was in the tank.

Larry



To: Mark who wrote (2127)5/13/1998 1:17:00 PM
From: slob  Read Replies (2) | Respond to of 5944
 
Mark, I'm still lurking! and still don't own any ADPT.

As for my buy target: it is still $15 1/4 however I'm looking at lowering this based on some very strong 1394 growth. I need to look at how this will impact the new APDT.

Slob


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