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

To: Patrick O'Connor who wrote (3644)	9/12/1998 4:58:00 PM
From: Jim Switz	Respond to of 5944

Just FYI and for the record, the Ridge Technologies website (www.ridgetechnologies.com) has been removed from the net. Doesn't really matter much, it hadn't been updated since the ADPT acquisition and later shutdown, but it was up a few days ago. I'd used it to read the bios of the execs.

To: Patrick O'Connor who wrote (3644)	9/12/1998 7:17:00 PM
From: Investor2	Read Replies (1) \| Respond to of 5944

RE: "If I used that method I would be inspired to short every publicly traded company in the world." I didn't mean to imply that the value of property, plant, equipment, etc. is always on the books for more than true value. Sometimes it is on the books for far less than its true value, which would result in book value being "too low." Cash does make valuation easy; you know exactly what you've got. Best wishes, I2

To: Patrick O'Connor who wrote (3644)	9/15/1998 8:49:00 AM
From: Gary Burton	Read Replies (2) \| Respond to of 5944

My point was that relative to some others, ADPT is still a few $ overvalued. For eg you can buy ASYT a semiequip and leader in its niche market of automation and profitable in June qtr) at $8.88 ---this is down 80% from its 1 year high and at 8.88 it is trading at only 36c above Net Net Working Capital (cash+ a/r+inv less ALL liabilities), 2/3rds of book and 79% of its stock price is cash (bo LTD). Also, it is down for industry reasons not company specific. With ADPT one has the company specific risk as well.