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

To: Investor2 who wrote (2478)	6/1/1998 9:59:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 5944

I2:I don't see it that way. Relative to the carnage in the stock, this thread is amazingly bullish. Most people seem to give it a fighting chance at least. In tech stocks that have dropped like this, threads on SI not uncommonly degenerate into the kind of flaming tempests that verge on literal verbal assault - even among bears of like mind! Corel and USRX come to mind. ADPT seems truly in no-man's land. It is a winning company caught in the trap of owning a market that is becoming commoditized. That historically has resulted in companies selling at drastic discounts to sales as margins shrink from the price competition. Will it come up with a new, patented, market-dominating technology? That doesn't look the way it's headed, which makes this price too high. If it does, then this price will allow rich retirements for not a few bulls. Someone earlier said there is a fundamental adjustment going on, which results in a slow stock price depreciation rather than sudden drops. I couldn't agree more. At some point another commodity peripherals company might "rescue" it a la 3Com/USRX. But of course the bears in the end won that epic once-flaming SI thread. Just my two cents, Mike

To: Investor2 who wrote (2478)	6/1/1998 10:01:00 PM
From: Zeev Hed	Respond to of 5944

I2, after reading your post I am really getting itchy to jump in. I'll have to use some special restraints (VBG). Zeev

To: Investor2 who wrote (2478)	6/1/1998 10:09:00 PM
From: Starowl	Read Replies (3) \| Respond to of 5944

Investor2: Thanks for taking the time to read through the messages posted on this thread the last several weeks. By your comments, it is patently obvious you are a dyed-in-the-wool Adaptecophile, as you homed in like a smart bomb on all the absurdities posted here. Please stay around. We can use a commentator with your sagacity. I agree with you, in your rather droll and dripping sarcasm: Adaptec's technology is among the best; Asia has had marginal impact on the company's fortunes; Adaptec's earnings reflect market forces gone amuck not misguided management; Symbios, Ridge, and Analog Devices' technology actually are strategic antidotes rather than hemlock, and the price is just about right for the long-term investor. Then again, if this wasn't droll and dripping sarcasm from you, perhaps you might want to consider migrating to the Yahoo threads. (My sincere apology to all the Yahoo posters who want those threads to enrich their investing experience rather than insult their dignity.) Starowl

To: Investor2 who wrote (2478)	6/2/1998 12:29:00 AM
From: jimmy	Read Replies (1) \| Respond to of 5944

I2 are you a current holder of ADPT. Your gloom and doom forecast of is not helping the fellow holders of ADPT. ADPT is going down because the current market is down, not based on the fact that their technology is obsolete. Are you a computer analyst? If you record with CD-R what software do you use? Majority of all CD-R software and scsi adapters are from ADPT. Now with the advent of DVD, I think this is a great market for ADPT. If you're not an holder of ADPT please stop blowing smoke. jimmy

To: Investor2 who wrote (2478)	6/2/1998 1:21:00 AM
From: Johnathan C. Doe	Respond to of 5944

This is the kind of thread you get on SI when a stock drops huge. The thread sentiment almost always echos the stock price behavior and rarely if ever is a voice heard that talks up the stock when it is headed down, even if in the end it comes back strongly. SI thread sentiment is a trailing indicator, not a leading indicator. Not much help for anyone acting as investor, but great for BS'ing and spouting off. I prefer the J Doe Portfolio thread with the accompanying thread discussion where you can see the record of the stock picks and how one person (now there are two portfolios) times trades and plays the market relatively real-time. Then you have a record to look at and can see an opinion for what its worth in dollars.