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

To: John Finley who wrote (3882)	10/19/1998 8:41:00 PM
From: Starowl	Respond to of 5944

John: Re. "Looks like the market agreed with you." The market's probably right, just as it has been for the last year, in the market's definition of "right". There appears to have been enough uncertainty, however, to moderate the decline today. I do not believe Boucher's announcement was intended as a red flag for Thursday; he could have waited for that. Undoubtedly, the board debated the timing of the announcement and chose today for some reason. Earnings week. Reaffirm the company's belief in itself and its future? That Adaptec has a nice sum of cash on hand is a good thing. Gives it some flexibility. How it spends that cash must be hotly discussed. What's there to buy? With the major sloughing off of the various side areas of its business to return to the core strength, is there anything on the hardware side worth buying? Is the company itself a better investment? That apparently is what Boucher wants to convey. He said this is a move to increase shareholder value. What I want, as a shareholder, is value expressed in earnings, as well. Such signals as this one today are very hard for me to analyze. But interesting, nonetheless. I'll neither rush to sell nor to buy. What should comfort all longs is your statement "Looks like the market agreed with you." That would be a first and entirely out of character for The Market. Starowl