Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jim Switz who wrote (3593)	9/4/1998 1:30:00 AM
From: Jim Switz	Read Replies (2) \| Respond to of 5944

I got curious tonight about how well LSI is digesting Symbios, especially since Boucher at the shareholder meeting essentially said the ADPT deal for Symbios looked smellier the more they worked the deal this spring (in addition to FTC objections, of course). So I took a quick look at the Yahoo thread on the subject (haven't looked for a SI thread on LSI). Gee; things look pretty familiar over there! Shareholders are really bitching, they want Wilf Corrigan fired, and the stock is down from about 24 to about 12 since LSI took Symbios away from ADPT at the end of June. Anyway, I haven't been following LSI at all - has anyone reading this been a follower? Any impressions about where their Symbios deal will lead? Will it just be a headache for them? I'm trying to determine whether this was the big fish that got away from ADPT or whether we dodged a bullet, wasting "only" $20M in the process.