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

To: Investor2 who wrote (4345)	1/27/1999 1:18:00 PM
From: Jim Switz	Read Replies (1) \| Respond to of 5944

I2: you're right, but I think the discussion was focused on a missed one-day opportunity to help repolish the company's tarnished image, not talk the stock up per se. Of course, long-term performance of the stock should reflect long-term performance of the company. On the bright side, it looks like shedding the PTS group was a very good move. It added a bit of cash to the stash, but more importantly it looks to me like they lost about $2.5 million on that operation in Q399, comparing the pro forma numbers with total numbers. Since PTS was a mature division, I'd say it was a good move to unload a loser. In addition, the overall gross margin was 59.4%, but according to the pro forma numbers it was 64.4% without the PTS group. I'd say that's fairly impressive. The CC indicated it may drop a bit nearterm as the RAID product ramps up in volume.

To: Investor2 who wrote (4345)	1/27/1999 1:38:00 PM
From: Starowl	Respond to of 5944

I2: The only substantial activity Adaptec can do to improve the value of its stock is to perform outstandingly. I agree that his performance on CNBC has had no influence on the stock price yesterday or today and will have none tomorrow, or ever. The point that most seem to be making is that when you get opportunities to sell your company, its image and its products, you take the best advantage. In this case, it was free advertising. We wouldn't expect Andy to come on to "talk the price of the stock up." Starowl