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

To: Joseph Francis Torti who wrote (3246)	7/29/1998 11:51:00 PM
From: Jim Switz	Respond to of 5944

Ok, Joseph, then adios, and best wishes for making a few bucks before the Dell stockrocket flames out. Just please don't hang around here whining; 1998 has been bad enough already and we're trying to assess the future. You can whine over on Yahoo's thread if you wish; they seem to welcome it. For the rest of you, the Ridge Technologies website may prove interesting to get a glimpse of a portion of Adaptec's future. Looking at the press release announcing the formation of the company last October, we may be seeing the names that will be in charge at ADPT in the future - assuming they prove themselves and their product designs. The URL below says the first product will be available in August (this was reiterated in last week's conference call); you can link to the rest of the website from there. Hope they keep on schedule; a positive new-product announcement would be welcome before the shareholder meeting. If I were them, I'd ditch the usual slideshow boilerplate and focus on outlining the future in some detail to the investors in attendance. ridgetechnologies.com

To: Joseph Francis Torti who wrote (3246)	7/30/1998 4:03:00 AM
From: Pawel Achtel	Read Replies (3) \| Respond to of 5944

Good luck with DELL. It is my first candidate for a short at these levels - YHOO is the second ;-). If you want to sell volatility, I think ADPT is the #1 from risk/return viewpoint. What more do you want than selling Jan $10 puts at $1 5/8? The stock has to go further 25% down by Jan for you to loose money. At that that level ($8) the company would be given away for free as it happens that the book value is $8. Possible? Maybe, but I would take all my gold credit cards out, margined that and go long on calls and short the puts - and I would not have a glimpse of thought I would not make a profit. Not many companies trade below their book values, in fact I do not know of any listed on NASDAQ, do you? Good luck with DELL at $200+ (bigger than IBM, 3 x bigger than CPQ and almost as big as MSFT) - It would not surprise me to see DELL at $200 after seeing YHOO at Mkt Cap of $10b, but I would not call it "certain". Pawel