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

To: sad stockholder who wrote (3104)	7/23/1998 6:03:00 PM
From: Joseph Francis Torti	Read Replies (2) \| Respond to of 5944

Well looked over the the income statement if my figures are right the most important fundamental of the income statement in my opinion is the profit margin, not revenue, not the income but profit margin. Since all three declined expectially the profit margin which declined from 11% to 5% in one quarter without the charge. I my opinion Qlogic is eating their lunch if you have a long lost on this stock sell out and short it down to 1/32 the only hope is a buyout. They flat out said second quarter will be weak. I should have put my money where my mouth was. I said I would short it before the closed but I doubt it ever had one uptick in the last hour. I was hoping I was wrong about the bad earnings. (sigh) Joe