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Computing (FOLDOC) dictionary
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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