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

To: Investor2 who wrote (3755)	9/19/1998 11:57:00 AM
From: Jim Switz	Read Replies (1) \| Respond to of 5944

I agree with you that the company (at least the top management; don't know about the employees) is fired up, and maybe I'm overanalyzing this, but I still think that avoiding an operating loss is an important psychological goal for the management. Especially since it looks like the numbers will be right around breakeven, and a penny or two could make a difference, I'm sure they'll try to stay out of negative-number territory. I guess my point is that, saying the channel-reduction effort is complete (and it was a factor under their control to help boost earnings a bit), they're probably in a pretty comfortable position to meet or slightly exceed estimates. And I too am impressed with the forceful actions taken so far, and hoping their bets on the direction of technology are correct. I find it interesting that I haven't seen any analyst comments yet since the CC; no doubt they're off crunching their spreadsheets and researching the opposition. But previously, downgrades seem to come pretty quickly after bad news, so I don't think we'll see those. I'm not counting on any upgrades anytime soon, but it would be a nice positive for a change.