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

To: Mark Brophy who wrote (3660)	9/15/1998 1:28:00 PM
From: Investor2	Read Replies (1) \| Respond to of 5944

RE: "Sure, the financial engineering doesn't really do the company any good, ..." I believe that it is often necessary to re-engineer the corporate structure, which ADPT is now doing, to maintain a healthy company over the very long term (i.e., decades). Best wishes, I2

To: Mark Brophy who wrote (3660)	9/15/1998 4:29:00 PM
From: The Philosopher	Respond to of 5944

The stock market is nothing more or less than a gambling parlor for rich folks. But what is it for poor folks like me?

To: Mark Brophy who wrote (3660)	9/16/1998 1:01:00 PM
From: Jimbo Cobb	Read Replies (1) \| Respond to of 5944

>>The stock market is nothing more or less than a gambling parlor for >>rich folks. There's certainly a lot of this (with stocks like SYSF leading the way on the long and short side), but to say the stock market is NOTHING more than that is simply WRONG...the stock market is a tremendous vehicle for the average guy to build retirement savings through prudent, consistent, patient investing in solid companies. How about dollar-cost-averaging and dividend-reinvesting over a 30-year period in companies like GE, T, GM, XON, CCB (my personal favorite)....or simply doing the same thing through an S&P 500 index fund...(ideally through a 401-k or IRA to provide total tax-deferred compounding)...that's using the stock market as an investment vehicle to provide returns far superior to CD's, bonds, savings accounts, etc. Buying 5000 shares of AMZN and trading it on a 3/8 point move...now that's gambling... Mark.