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

To: Gary Burton who wrote (3148)7/24/1998 9:12:00 PM
From: Investor2  Read Replies (1) | Respond to of 5944
 
Are you sure that the one time charge really reduced the amount of cash? I believe that "one time charges" are often just book entries against the assets of the company, not actual cash outflows.

Best wishes,

I2



To: Gary Burton who wrote (3148)7/24/1998 9:17:00 PM
From: Jim Switz  Respond to of 5944
 
And think how much better earnings and cash levels would have been if the $21M hadn't been spent on the Symbios attempt? I'd sure like to know how it's possible to spend that much in just 4-5 months doing preliminaries and due diligence. How much did those lawyers charge, anyway? Was there a penalty payment due if not completed? If this question isn't asked at the annual, I plan to ask it.


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