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

To: Bald Man from Mars who wrote (2447)	5/30/1998 3:29:00 PM
From: DanZ	Read Replies (3) \| Respond to of 5944

Bald Man From Mars, I bought ADPT last week at 15 15/16 so I hope your contrarian indictor works again. I'm sorry that you are having a rough time in the market but it has been a very tough month. The text below is from a post that I left on another thread. Any comments would be appreciated. By the way, I don't understand why the Symbios deal would affect the stock if the deal is approved. It doesn't seem like there are any antitrust issues present and I would guess that the market is expecting the deal to go through. Thanks, Dan _____ ADPT closed near its lower daily bollinger band at 15 on Friday and it is important that it hold this level from a technical perspective. The stock is very cheap based on forward looking fundamentals and has likely declined with the overall market and not because of any significant deterioration in the company's fundamentals. The stock is pricing in a catastrophe and it will rally substantially from 15 unless the catastrophe materializes. The company's fiscal year ends in March and the stock is trading at 15 x this year's estimate (with ten months to go) and only 8 x next fiscal year's estimate. This is ridiculously cheap given their expected growth rate of 20%. We'll see if the market agrees and the stock holds 15. The market isn't always right in the short term and this may be one of those times.

To: Bald Man from Mars who wrote (2447)	5/30/1998 5:59:00 PM
From: jgercke	Respond to of 5944

Bald One, I thought you were on the sidelines with me. I still don't know what to make of this dude. jg