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

To: Starowl who wrote (2196)	5/15/1998 8:13:00 AM
From: Jyoti sharma	Read Replies (1) \| Respond to of 5944

Starowl, Excellent summary of Adaptec's present situation. My own take is similar. I think the current management has done an excellent job of managing growth of this company in the past. Business conditions have changed and the mgt is to trying to respond to new reality of sub $1000 computers. If Adpt can manage earnings growth for two sequential quarters this stock will skyrocket otherwise it will trade in low teens. My best guess, we will see some evidence by the end of third quarter. In the mean time it's dead money and we may get a chance to buy Adpt at even lower prices. I have a small long position bot at 20 and expecting to average down in mid teens. Jyoti