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

To: Johnathan C. Doe who wrote (2293)	5/18/1998 10:49:00 PM
From: jelrod3	Read Replies (3) \| Respond to of 5944

The bottom appears to be around 13.75. This is based on a long term average PE of about 14 and EPS estimates of .98 for fye 99. 14 x .98 = $13.72. As a long term holder of ADPT for several years, this huge price decline has been unbelievable. I think the institutions have pretty much dumped their holdings...but we won't see this until the next quarterly report regarding change in shareholder positions. One has to question whether ADPT will ever regain its lofty status (and stock price).