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 : Advanced Digital Information Corp. (ADIC) -- Ignore unavailable to you. Want to Upgrade?

To: David E. Fitzpatrick who wrote (1150)	7/24/1998 3:08:00 PM
From: uu	Read Replies (1) \| Respond to of 2283

Anyone can guess how low this thing can go (well of course besides 0)?! With every 1/8 drop and my paper loss is accumulating big time! Strictly going by ADIC's current assets, the company seems to have a book value of about $6.5/shr which if continues to be true after this qaurters earnings are out, indicates that the stock at $9.5-$10/shr is practically being given away!! Now my question is how come no one is taking these free shares being given away?!!!! 2 basic questions: 1. Exactly What on earth is going with this company, and is there a chance for it to recover? 2. And to Mr. VanOppen: Are you buying any shares of ADIC at these levels and adding to your existing huge number of shares (all 242 of them)?!!!!!!!!!!!!!!! I have a strong feeling shortly we will hear from a couple of blood sucking Wall Street lawyers filing a class action suit on behalf of naive shareholders against the company (thanks to Mr. VanOppen and his optimistic viewes of the company as he stated in his last conference call and on various other occasions - including the time he appeared on CNBC about 2 months ago). I just hope I am wrong! Regards, Addi Jamshidi P.S - Oh by the way, Individual Investor Magazine's top notch analysts just moved ADIC from their magic 25 strong buy category to HOLD (and of course after the stock has dropped by about 50% from the time they first recommended it!!!!! !!!!!!!!