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

To: Investor2 who wrote (3474)	8/20/1998 4:31:00 PM
From: The Philosopher	Read Replies (2) \| Respond to of 5944

No news that I've seen. The run up was pretty swift and dramatic (10-1/2 to 14 is 30+% in a few days) so some draw back is natural, plus the market was down. Or maybe some profit taking from those who came in a while ago at 12 or 13 hoping for a quick profit and deciding to run now. But no news I've seen. Annual meeting was 9:30 this morning (12:30 East Coast time) but most of the drop was before then, so it's nothing that came out of the meeting. (Drop started late yesterday, down overnight, down until about noon EDT, then up a bit and back down.) We haven't heard anything from Jim or others about the annual meeting yet, they're probably still digesting information or travelling.