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


To: Jim Switz who wrote (4315)1/25/1999 5:19:00 PM
From: Jim Switz  Read Replies (2) | Respond to of 5944
 
CC just stated that ADPT repurchased slightly less than 500,000 shares during the quarter. I was estimating an 8-10M repurchase, so this is quite a surprise to me.

Overall CC tone looks to be quite positive; Q&A is just starting as I write this. Quality and reliability of Vcall transmission of the live CC is excellent on this end.

Update: at least two analysts have made a "nice quarter" side comment in the first few minutes of Q&A. I wouldn't be surprised to see a couple of upgrades tonight or tomorrow morning. Might be a good Tuesday . . .