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


To: Jim Switz who wrote (3212)7/27/1998 11:57:00 AM
From: Gary Burton  Respond to of 5944
 
Jim--I suspect we will find that ADPT ends up buying back few shares. Often, the strategy is to ANNOUNCE that they may buy back in order to jawbone the market into bottoming the stock. More psychology than action In any event, they will likley do nothing until at least say 9ish if it gets that far.