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

To: David Nelson who wrote (3544)	8/27/1998 4:00:00 PM
From: Lutz Moeller	Respond to of 5944

Adaptec share price is around 10 to 11 lately adpt 710 mio $ cash 114 mio shares 6,21 $ cash / share that means You buy a share around 4 to 5 $ really. What P/E is that forward? Five maybe! looks like a buy to me. Regards Lutz

To: David Nelson who wrote (3544)	8/27/1998 4:15:00 PM
From: Lutz Moeller	Read Replies (1) \| Respond to of 5944

<snap> The large-cap stocks that have provided much of the Nasdaq market's buoyancy were the day's biggest losers. ''What I'm finally seeing is the catch-up of big-cap stocks to the downside, just like the small-cap stocks, which have been totally decimated,'' said veteran money manager James Awad. ''The Nasdaq is in the capitulation stage of the large-cap stocks and people are selling anything to build liquidity,'' Awad said. Looking forward, Awad said he would avoid the stocks on the Nasdaq 100, the largest-cap stocks traded, and ''look toward small-cap stocks because some are at their cheapest levels since 1973.'' With a real P/E areound five I agree totally for adpt, which I'm long, since long. Lutz