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

To: norm chin who wrote (3125)	7/24/1998 12:18:00 AM
From: Larry J.	Respond to of 5944

Sounds as if ADPT is very close to naming a new CFO. Assuming he's analyst friendly this should serve as a big positive in restoring confidence. Saviers has just re-set the expectation for possible sequential rev. decline and a loss for one more quarter. Then top-line growth to resume in the second half! The bad news is out......and its really not that bad. ADPT earned .10 per share. Go look @ ATML's or APM's if you want to see ugly. (BTW, ATML closed near break even after releasing that stinker). Unless the analysts think that Saviers is completely full of sh%# and can't be trusted, (re; 2nd half recovery)the drop in the morning should be limited with a recovery at the close. I'll wager a guess that we gap to 11 1/8 at the open and close @ 11 3/4. Larry