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

To: hitesh puri who wrote (2172)	5/14/1998 4:25:00 PM
From: Peter Yang	Respond to of 5944

>>Basically I see their fortune tied with the Disk Drive makers and they indicated that they only see a turnaround in fall.<< Then why did you buy it now? This dog is making new lows every day and the bottom is still not in the sight yet, IMO. It will languish in the current level barring any major market correction. If major correction does happen, we'll see ADPT joining the camp with RDRT and APM in low tens or sub-tens. I'm watching closely on the sideline to pull the trigger, but not now.

To: hitesh puri who wrote (2172)	5/14/1998 5:18:00 PM
From: FruJu	Respond to of 5944

Greetings all. Have been following for about a month, and started to create a position today by buying Jan 2000 20 LEAPs @ 4 3/4 (will add more over time, particularly if it drops down to under 15). I expect a rebound into the 30s by this time next year as Symbios acquisition and adoption of Firewire [high margin business] make their presence felt. E>

To: hitesh puri who wrote (2172)	5/14/1998 5:22:00 PM
From: Dougerdad	Read Replies (1) \| Respond to of 5944

We have not seen the bottom yet. See my previous posting, but Adaptec has some market demand issues which Ultra2 products will not solve. I do not believe (and I work in this industry) that SCSI has the same growth potential that it had a year ago. Its getting hit hard on the low end with Universal Serial Bus (Windows 98 has sypport for USB) and on the high end with Fibre Channel. Also their peripherials group revenue has declined from $68M to $45M/qtr, and may go lower. Additionally, Adaptec has yet to prove itself with its new investments (over $350M invested in the last few years). This thing will turn in the long run, but in the next 6 months, its drifting down. Regards, Dougerdad