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

To: Patrick O'Connor who wrote (3641)	9/12/1998 1:05:00 PM
From: Investor2	Read Replies (2) \| Respond to of 5944

RE: "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." Depending on the specific company and its accounting methods, cash net of LTD may or may not provide a more "conservative" (realistic?) valuation than book value. In other words, the "assets which were financed with that long term debt" may be on the books for a value far lower or far higher than true value. With cash net of LTD, you know what you have. Best wishes, I2