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

To: Doug Skrypek who wrote (2631)	6/12/1998 4:45:00 PM
From: jelrod3	Respond to of 5944

Doug, see my post # 2467: Message 4670402 The Street is telling us that they think ADPT will have a revenue shortfall this quarter. I hate to say it, but I agree. If the shortfall is in the range of 20%, which I believe it will be, then you are looking at a price for ADPT of about $11 per share. My pricing model is now showing a range of $9 on the low side to $11, based on current revenue projections for this fiscal year. Remember, ADPT has been providing lower and lower guidance since January when the stock fell out of bed. Be on the lookout for yet another warning from ADPT this quarter about a revenue shortfall, etc. This will hit within 30 days, providing more pressure on the stock. I think that this will be a great buying opportunity, as many will throw in the towel and capitulate. BTW, I am long ADPT and have been so for years. I own in excess of 10,000 shares...and I plan to buy more. Regards.