Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Larry J. who wrote (2186)	5/15/1998 3:27:00 PM
From: Johnathan C. Doe	Respond to of 5944

Larry, I think you are missing something. Appearently information was culled somewhere that the future (next 3 months in the a tech stock) could be bad for some reason. Past performance means absolutely nothing. It is clear that for whatever reason ADPT went up over the last 5 years, that reason is not of value any longer and that could be just the shortterm outlook. Last year, we say networking stocks drop off the cliff just because the outlook for the next quarter didn't look good. They came back. ADPT will come back, but like WDC, it might require the new technologies to bring it back and some of those aren't due out for over one year in any kind of volume (Firewire for example). I wouldn't be surprised to see a P/E of 8 for ADPT, so figure out where that would put the price. We continue to drop like a rock and selling can be worse with low volume (no buyers entering as the price drops).