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

To: FruJu who wrote (2797)	6/25/1998 10:07:00 PM
From: Investor2	Read Replies (1) \| Respond to of 5944

Please explain: "Assuming ADPT closes above 15 in Jan 2001, someone made themselves a nice $60,000" Thanks, I2 P.S., Could it have been ADPT selling the puts?

To: FruJu who wrote (2797)	6/26/1998 8:40:00 AM
From: Tom M	Respond to of 5944

Evan regarding those LEAP PUTs, I have just been reading INTC and MSFT to name a couple, do the same. They sell a ton of out of the money puts themselves when they know there's good news ahead. Makes me wonder if it was ADPT showing a little confidence in their future. Well it didn't take long to be removed from Credit Watch & have an S&P "Stable" outlook rating. Someone also pointed out that ADPT has now had quite a look under the covers at its competitor. Now they chose to pay $20M to get out of the deal. Certainly has to make you wonder about what they saw under those covers ;-)