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

To: Robert O who wrote (3616)9/9/1998 4:26:00 PM
From: Jim Switz  Read Replies (1) | Respond to of 5944
 
Yep, I was wrong, wrong, wrong! There is slightly over $6/share in cash as I recall, but this is from memory. It's been almost a month since any news from the company, and a lot longer than that since any positive news. Sure hope we get some soon. I'm expecting to hear an announcement of the conference call any day now, and there are rumors of another layoff as soon as maybe today.

They seem to be serious about getting costs in line; now we need to see evidence of revenue enhancement.



To: Robert O who wrote (3616)9/11/1998 9:31:00 PM
From: Gary Burton  Read Replies (2) | Respond to of 5944
 
Re the Cash----Several semiequips who have no debt at all are currently trading such that Cash Net of LTD represents 75-80% of the stock price (eg. ASYT and BRKS, another one SFAM is at 95% level). So, ADPT with say 4 in Cash Net of LTD is nowhere near such support levels.


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