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

To: Jim Switz who wrote (4030)	11/8/1998 4:11:00 PM
From: Starowl	Read Replies (1) \| Respond to of 5944

I caught some of the Landis talk but without mention of Adaptec. Was more general, on various trends to follow: Internet (equipment), the Moore's Law phenomenon (companies need to develop new technology to keep up), the Death of the CRT (companies into the technology that replaces CRTs), and the Wireless World. He asked the audience which to focus on and the hands showed Wireless World. On wireless, he noted the oft-cited estimate that 70-80 percent of the world has never made a phone call, so how will they get hooked up? He gave example of Indonesia as a place you just couldn't lay regular phone wire like in the US. He said most wireless companies were going to make their money in '98, or so they thought. Now their stocks are all really cheap. Of the key companies, he said Nokia has the most momentum, Erickson less, and Motorola the sickest. Although he has not yet developed a position in Qualcomm, which "owns" CDMA, he called it the new kid on the block and a really strong company. He thinks this would be a good time to work your way into it. He mentioned a few companies (like PowerWaves, Spectrian) that make subsystem components for the wireless base stations as potentially good plays. Also noted PCom (?), Triquint (TQNT) and ANAD, the latter two make power amps for the antennas, and RFMD (RSMD?) is on a roll and doing business with Nokia. CLTK. Basically said wireless is a trend to count on. Most of the companies are pretty cheap. Buy the strongest of them. But need to do your research. Responding to a question on PAIR, he noted the company unfortunately is strategically stuck. Apparently the phone companies are making their money on the older systems, so the T-1 prices (PAIR makes the HDSL boxes for T-1) are coming down slowly. PAIR knows the technology but is caught right now. Doesn't have control over the prices. And management admits it might put the company up for sale. Rumor mill on takeovers is prime mover of the stock price now. He still holds PAIR but wouldn't object if it's bought at about 16. Re Tellabs and Cienna: Believes would be a good thing for Tellabs to buy it. Neither company can compete with Lucent and Cisco. Not high on Novel. Caught between rock and hard place. Hard to compete with MSFT. Landis appears very knowledgeable in technology trends and technology period. But they didn't give him enough time. Worth listening to, I think. Sorry about any mis-spellings. I didn't take the time to check the various companies. Starowl