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

To: Investor2 who wrote (3987)	10/28/1998 9:45:00 PM
From: Jim Switz	Read Replies (1) \| Respond to of 5944

I2: no public news that I've seen anywhere. Looks like somebody was moving in to buy a bunch of shares; could be more ADPT buybacks. $200M, if they spend it all, will buy back a lot of shares at this price point.

To: Investor2 who wrote (3987)	10/29/1998 7:52:00 AM
From: John Finley	Respond to of 5944

The price move was caused by the fact that I sold some of my ADPT position around noon. This was also the cause of the jumps in ATML and MUEI. <g> FWIW, I still believe that ADPT is under institutional accumulation (from looking at the volume, price movement and market sentiment for beaten-down techs). I was just a little too heavy in ADPT and a few others. Now I'm set if there is another market downtick. If there isn't a retracement then I'll feel silly sitting on the cash.