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

To: Spartex who wrote (3804)10/2/1998 6:27:00 PM
From: Spartex  Read Replies (2) | Respond to of 5944
 
Well I checked ADPT on yahoo's company profile section. They have $6/share cash. But this doesn't mean its necessarily a "buy". One other company I'm also looking at more seriously is VLSI technology. It has $6.86/cash, Book value = $12, and current price of $7 5/8s. In other words, you are only paying $1/share for the companies technology and fabrication plants. Kind of gives me some perspective to use in judging ADPT's future.

Regards,

QuadK



To: Spartex who wrote (3804)10/2/1998 8:28:00 PM
From: The Philosopher  Respond to of 5944
 
That's the latest figure I've seen. March 31, 98, cash, cash equivalents, and marketable securities totaled $697 mil. Shares outstanding 114 mil. Cash/marektable securities per share, $6.11. Haven't looked at numbers since then, but I don't think they've blown a substantial amount of cash. They did do some stock buy-back, but I don't know how many shares for how much money. Others may be more up on the figures.


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