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

To: OrionX who wrote (4139)	12/10/1998 1:28:00 PM
From: Jim Switz	Read Replies (1) \| Respond to of 5944

OrionX: my opinion is that $0.13 is a slam dunk. Consensus now is about $0.145 depending on which source you use, and my own expectation is 15-16 cents. In the quarter ending June, they made $0.10 on revenues of about $180M; I think they're going to have revenues of at least that much, and they now have a significantly lower cost structure. And, the reduced number of shares in the float (down from about 113M to probably 95-100M due to ADPT's share-buyback program) will probably increase the per-share amount even more.