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

To: Starowl who wrote (3926)	10/23/1998 12:31:00 AM
From: The Philosopher	Read Replies (2) \| Respond to of 5944

Thanks for the report. Well, the mid teens is better than 8, but not what we would like! But I think it will be a long time before we see 50 again. FY 2000 revenues are projected now at about 85cents. Give a slightly aggressive but not unreasonable high tech multiplier of 30 and we get a stock price in a year or so of 25. I don't see us getting above that any time before 18-24 months, unless revenue forecasts are way too low. The 30s - 50s spoiled us, but I don't see them coming back.