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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (3482)	2/24/1999 5:00:00 PM
From: Investor2	Respond to of 15132

Off Topic I realize this is slightly off topic, but I found the perspective unusual (refreshing?) for the CEO of a tech company. " Adaptec CEO sees a hard fall for tech stocks BY ADAM LASHINSKY Mercury News Staff Writer WHEN the stock market's fever line moves only up and to the right, take a deep breath and listen to someone who has seen it before. Like Larry Boucher, founder, ex-CEO who returned to become the current CEO of Adaptec Inc. (Nasdaq, ADPT) Boucher is certain the market is going to come unhinged, a strange perspective for the CEO of a technology company and a bonafide serial entrepreneur. Despite being on his third start-up, Boucher has taken his knocks. He's watched Adaptec's customers evaporate when their products became irrelevant and competitors ''win'' competitions with Adaptec only to lose over the long haul. And he's certain that the historically high valuations Wall Street is now awarding technology companies -- Adaptec's current stock price, for example is at three times its 52-week low -- eventually will come to an end. ''I don't know when the wheels will come off Wall Street,'' says Boucher, 56. ''But they will.'' He cites overall market price-earnings multiples of nearly twice their historic levels as his major worry." Theres more at sjmercury.com Best wishes, I2