Adaptec

company A company specialising in the aera of movement of

data between computers. Adaptec designs hardware and software

products to transfer data from a computer to a peripheral

device or network.

Founded in 1981, the company achieved profitability in 1984,

went public in 1986, and to date has achieved 54 consecutive

profitable quarters.

Revenues for fiscal 1997 were $934 million, a 42% increase

over the prior year. Net income, excluding acquisition

charges, for fiscal year 1997 was $198 million or $1.72 per

share.

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(1999-08-25)