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: Debt Free who wrote (2299)	5/19/1998 11:19:00 AM
From: The Philosopher	Read Replies (1) \| Respond to of 5944

If 92.4% of the stock is really owned by institutions, it doesn't make a hill of beans difference to the stock price what we on this thread think or do, does it? I don't imagine that very many institutional investors are lurking here, or would give much credence to information or ideas gleaned here. We're just along for the ride while others steer the boat. That raises the question, is it more important to evaluate what is true about Adaptec, or is it more important to try to understand what the institutions __think__ is true about Adaptec?

To: Debt Free who wrote (2299)	5/19/1998 1:09:00 PM
From: jelrod3	Read Replies (1) \| Respond to of 5944

Doug...that is old Media General Data, and I'll bet it is as of ADPT's last fye 3/97. I would bet that institutional ownership has dropped to around 35% at best. I'll do some looking, and report back, but I do note that as of last November, Media General was reporting 87% of shares owned by institutions before the big sell off hit in December 97. The massive selling that we have seen since Dec. 97 has been primarily at the hands of institutions and mutual funds