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The Company provides storage solutions that reliably move, manage and protect critical data and digital content.
Insider buying points to a narrowing of the gap between ADPT.PK and the S&P.
Original pitch from "11 O'Clock Stock" series. http://www.fool.com/investing/general/2010/09/02/todays-buy-opportunity-adpt.aspxTo see more about the series, watch this video from co-founder Tom Gardner:http://www.fool.com/investing/general/2010/07/22/introducing-11-oclock-stock.aspx
Lots of cash. Gotta love it.
Increasing demand for off-site electronic storage.
Cheap stock right before IT hardware sector is about to take off.
ADPT has a solid balance sheet and no debt. Continued development in tech stocks and contracts with large manufacturers like HP, Dell and IBM have set them up for a nice recovery.Source: http://unleashthebull.com/2009/06/13/adaptec-inc-adpt/
Technical analysis of this chart looks like it is poised for a huge break out.
Adaptec Inc long term indicators turn positive and ADPT momentum turn positive,Its ready to go next level. Our short term first target is $3.70.Weekly CCI,STO and ADX given a buy signal that going to pull stock upto $5.82http://my.flyingstock.com/RSSDetail.aspx?id=398
tons of insider buying?
Good RAID expansion cards. Well-supported by server operating systems such as FreeBSD.
I like thier shift in focus from domestic to rest of the world. New products look promising. Will have to watch them, though, for couple of quaters.
Greater needs for archiving and protecting the endless supply of data.
Adaptec isn't really about harddrive size its about data traffic control. Its strong point was in the past was that the hard drive platform they supported enabled higher computation rates for graphics since it pre-processed data before it hit the main processor. Now we are moving into multicore processors with higher bandwidth. This diminishes the need for storage devices to support data traffic. If adaptec is to even survive it will need to license as quickly as possible its "role" in data storage and get out of actually producing hardware and focus on data bandwidth management, perhaps even on board ram buffers.
Solid balance sheet - pathetic management - trades back to 4 though in short order
Turn around strategy of focussing on storage solutions for small/mid enterprises looks good. Few more quarters to start showing results.
Debt strngling this company. 0.7% of comany held by insiders. negative ROE and margins. I don't care if this company is under valued, it is giong down.
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