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

To: Charles Tutt who wrote (3441)	8/15/1998 11:30:00 AM
From: Jim Switz	Read Replies (1) \| Respond to of 5944

I think she means increased earnings, due to reduced expenses related to Ridge. The more I read about this latest layoff, the more it's clear that this is a major shift in strategy by the new/interim management team. Check out this article: news.com "We're getting out of the box business," Trunkey said. "We're abandoning storage systems." Sounds like they're really giving Ridge products the boot, and apparently couldn't find a buyer to pick it up. Wonder what happens to SSD and Bob Graham now? I'll bet this announcement is part of what we've been expecting: news before the shareholder meeting. My guess is that it's becoming apparent to The Street that ADPT is making a serious effort to refocus the company on holding the line on costs and developing new revenues, so all this will probably be received as positive. It'll be nice to see all the bleeding end one of these days, though!