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

To: Gary Burton who wrote (3640)	9/12/1998 12:11:00 PM
From: Patrick O'Connor	Read Replies (1) \| Respond to of 5944

On what basis do you compare the companies listed to ADPT. Maybe I'm still too hungover to understand. Also if you want to look at cash net of LTD then you also need to include the assets which were financed with that long term debt and for that matter might just as well use book value.

To: Gary Burton who wrote (3640)	9/14/1998 12:43:00 PM
From: Robert O	Respond to of 5944

Here's what I read for short term borrowings: "At June 30, 1998, the Company's principal sources of liquidity consisted of $682 million of cash, cash equivalents and marketable securities and an unsecured $6.8 million revolving line of credit assumed through the acquisition of Ridge Technologies. As of June 30, 1998, the Company owed $4.7 million, however, the Company intends to pay down and terminate the line of credit in the second quarter of fiscal 1999. The Company believes existing working capital, together with expected cash flows from operations and available sources of bank, equity and equipment financing, will be sufficient to support its operations through fiscal 1999." As to Long Term Debt, I think another poster makes a good point that LT borrowings are attached to long term stuff like R&D, etc. My main point is that ADPT has a MUCH better product line in the works that the likes of some of your other named companies. ADPT has the advantage of having a few solid products that will continue to generate revenue and many in the pipe line that may become explosive. (e.g., ADPT's DirectCD). The big question u have to answer is: Is ADPT dead in the water as the Street appears to believe, or will it be re-born by staying afloat w/ current line, continuing to bring out new products and finally hit paydirt as technology continues to double every three or so years? Anyone who knows more about upcoming products can comment on potential success in future..whatya think? RO