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


To: C. Cassidy who wrote (2529)6/5/1998 5:16:00 PM
From: Bald Eagle  Read Replies (1) | Respond to of 5944
 
What's happening? Is the thread turning into 'Rumors about ADPT".
Was that one of the classification of posts mentioned previously by other posters? Rumors are probably worth what they cost, which is usually nothing.



To: C. Cassidy who wrote (2529)6/5/1998 7:36:00 PM
From: Jim Switz  Read Replies (1) | Respond to of 5944
 
C.Cassidy: Another rumor is that there is a buyout on the table for adpt, and the buyout will occur within a few weeks. In addition there will be a new ceo.

I seriously doubt the former, but the latter seems quite plausible to me. From some employees I've talked to, Grant has been an uninspiring CEO and the impression is one of just coasting on current product lines rather than aggressively setting out to eat one's own young before the competition does.