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

To: Starowl who wrote (2567)	6/10/1998 8:42:00 AM
From: Mark	Read Replies (1) \| Respond to of 5944

From last night's CBS Marketwatch (at - cbs.marketwatch.com ) "Computer component maker Adaptec Inc. (ADPT) fell after negative comments out of BancAmerica Robertson Stephens. Analyst John Rossi lowered his earnings estimates for the company, citing continued weakness in the company's two major businesses. Rossi also expects Adaptec's gross margin to decline amid rising research and development expenses. Rossi decreased his June-quarter earnings estimate to 15 cents a share from 20 cents. Adaptec shares lost 3/16 to 14 15/16." So if they hit 15c, that's 60c for a year (?), and with falling revenues they should be good for a PE of 12, so maybe we'll see $7 after all....... Just kidding folks ! (Or am I ?) Mark