Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jim Switz who wrote (2643)	6/13/1998 12:59:00 AM
From: Dougerdad	Respond to of 5944

Light at the end of the tunnel? I thought that would attract some attention. There may be. I just got back from the East Coast. Our disty guy was saying that inventory positions have improved for both PCs and servers. Product is moving. But the shelves are not empty. Can anyone in disty confirm or deny? (I just talked to one big named disty) Regards, Dougerdad

To: Jim Switz who wrote (2643)	6/13/1998 1:56:00 AM
From: Doug	Read Replies (1) \| Respond to of 5944

Jim: This time we have been caught in the middle of a Technology change and to compound it with a Buy-out yet to be finalised. I think it will be prudent to now await the next report card .

To: Jim Switz who wrote (2643)	6/13/1998 3:34:00 AM
From: Johnathan C. Doe	Respond to of 5944

"Incidentally, someone a while back was wondering how far the string of profitable quarters extends. To date, Adaptec has posted 55 profitable quarters in a row. The quarter ended Sept. 30, '97 was the 25th quarter in a row of consecutive revenue growth (obviously, that string broke right there). All in all, pretty remarkable, but it sure doesn't seem to count for much at the moment, does it?" It doesn't count for much if the future isn't like the past and the trend is lower and lower revenues each quarter from here out.

To: Jim Switz who wrote (2643)	6/13/1998 8:04:00 AM
From: Mark	Read Replies (1) \| Respond to of 5944

Incidentally, someone a while back was wondering how far the string of profitable quarters extends. To date, Adaptec has posted 55 profitable quarters in a row. The quarter ended Sept. 30, '97 was the 25th quarter in a row of consecutive revenue growth (obviously, that string broke right there). All in all, pretty remarkable, but it sure doesn't seem to count for much at the moment, does it? Jim, The thing that really bothers me is that this amazing track record ends at about the time that their CEO departed. I was very lucky in my professional career to work for a dynamic small company, and concluded my time there as CTO. The company designed computer products on behalf of larger companies, and I was fortunate to meet many senior officers of the big computer companies. One of the things that surprised me most was how much influence the CEO of a company has. I do like one of Jack Welch's favourite one-liner, which encapsulates this perfectly - "It takes an odd number of executives to successfully run a company, and three is too many". My concern is that ADPT's spectacular track record did not happen by accident. Anyone who was bright enough to orchestrate it, was also bright enough to know when to get out........ Mark