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: Joseph Francis Torti who wrote (3105)	7/23/1998 6:10:00 PM
From: max power	Read Replies (1) \| Respond to of 5944

JFT, I sold my ADPT and then went short 30 minutes before the close. There were upticks all the way to closing.

To: Joseph Francis Torti who wrote (3105)	7/23/1998 6:31:00 PM
From: BostonView	Respond to of 5944

>>The bad news never seems to come out all at once and I don't see any quick turn for ADPT shares. The CFO departure, whether by his own doing or a gentle nudge, suggests more pain ahead. As for earnings, the stock is sure trading like big losses lay ahead for a quarter or two, maybe longer. Put me down for .08 before all known (and as yet known) charges.<< OK, I was too pessimistic on the earnings front, but at this point that's not the issue. Now it's survival. Fast forward to 2003; does ADPT even EXIST? If not, let's just hope that's due to a buyout while there's still something to salvage. Please don't flame me for blasphemy; far too many one-time "great" tech companies lost their way en route to extinction. Don't think it couldn't happen here. Still on the sidelines, as shocked as any long...wondering if there's a trading opportunity ahead. BV