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

To: Larry J. who wrote (3123)	7/24/1998 12:59:00 AM
From: Cris	Respond to of 5944

From CC: > 1. PTS revenue off 20% to $35M (from 45M last Q) > 2. SCSI Host down 10% to $145 M Total revenue for quarter was $180.6M . So RAID, Network, 1394, satellite, etc. provided $600K for the quarter. I'm guessing that FC fits in there too. Grant stated his intent to get OpEx below 35% by growth in top line, and 'increased focus'. When asked whether that meant more layoffs, Grant said "not across-the-board RIFs, but we will have increased focus." So if revenue is $200M, OpEx at 35% would be $70M, down from current $92M. Maybe it will be focused slicing, but it sounds like the cuts will be pretty substantial. C