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

To: Investor2 who wrote (3198)	7/26/1998 2:16:00 AM
From: Jim Switz	Respond to of 5944

I2: I like companies that save money where possible in annual and quarterly reporting. I would think that the ADPT annual report was less costly than the traditional book-like, glossy-paged, annual report filled with photos. I'm sure it was. Also, does anyone remember that about two years ago ADPT stopped mailing out the quarterly results brochures and cover letter? The reason was specifically to cut costs; the company figured that almost everyone could get the press release online or from their broker, or at last resort by calling the company. It did save significant money, I'm sure, and I never heard that anyone complained. And they took this step when cashflow was high and growing well, so it was just part of John Adler's tight-fisted management of the company's resources. Hope Saviers hasn't forgotten what he observed under Adler's tenure.