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

To: The Philosopher who wrote (3919)	10/22/1998 5:23:00 PM
From: voodoo	Read Replies (6) \| Respond to of 5944

After hours is $14. So do you really think ADPT can sustain a P/E of 41 with negative growth and a loss. Sorry, but this one's going to 11 tomorrow. I have a cover order. at 11 1/2 just to be on the safe side. Yes, there was a LOSS and a big one. It is just being hidden in "restructuring related activities and other charges". Net revenues were $144 million, down 48% from the $278 million reported for the second quarter of fiscal 1998. Operating earnings were $143,000, or $0.00 earnings per share, compared to $0.52 per share profit for the second quarter of fiscal 1998. After one-time charges of $0.22 per share associated with restructuring related activities and other charges, the company reported a net loss of $24 million, or ($0.22) per share.