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

To: Starowl who wrote (4197)	1/6/1999 1:17:00 AM
From: Jim Switz	Read Replies (1) \| Respond to of 5944

But even when we peaked at $54.25, the P/E wasn't even close to the 70 or so that QLGC is currently sustaining. It was about 30 or 32 at that point, and the QLGC runup is getting 'way ahead of itself. But we'll see how both companies do this month and see if there's a realignment of relative valuations. Do you really think QLGC is worth a sustained $145/share right now? Prolly just sour grapes, but just imagine what ADPT's price might have been in Oct. '97 if the market was in the midst of the current frenzy of price insanity?