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

To: Zhivago who wrote (2937)	7/10/1998 10:55:00 AM
From: Nathan Shulman	Read Replies (1) \| Respond to of 5944

If he's buying at 15.. looks like we can get a good deal today!

To: Zhivago who wrote (2937)	7/10/1998 7:06:00 PM
From: David Lawrence	Read Replies (2) \| Respond to of 5944

Well, here's why Hansen has been selling.... MILPITAS, Calif.--(BUSINESS WIRE)--July 10, 1998--Adaptec, Inc. has announced today that Paul Hansen, corporate vice president, finance and chief financial officer, will be leaving the company at the end of July to become executive vice president, finance, and chief financial officer of TIBCO Software Inc., of Palo Alto, Calif. Grant Saviers, Adaptec's chairman and CEO said, "Paul, during the past 14 years, has made significant contributions to Adaptec's growth and success. We wish him well in this new endeavor. Adaptec has already undertaken a search for his successor as CFO." Paul Hansen commented, "I joined Adaptec when its annual revenues were $7 million and the workforce totaled 70. Last year revenues exceeded $1 billion and we now have 3,000 employees. This growth provided me with great opportunities to gain experience as a professional and to participate in creating a culture where the most talented have sought citizenship."