ADAPTEC
\ɐdˈaptɛk], \ɐdˈaptɛk], \ɐ_d_ˈa_p_t_ɛ_k]\
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A company specialising in the aera of movement ofdata between computers. Adaptec designs hardware and softwareproducts to transfer data from a computer to a peripheraldevice or network.Founded in 1981, the company achieved profitability in 1984,went public in 1986, and to date has achieved 54 consecutiveprofitable quarters.Revenues for fiscal 1997 were $934 million, a 42% increaseover the prior year. Net income, excluding acquisitioncharges, for fiscal year 1997 was $198 million or $1.72 pershare. (http://adaptec.com).
By Denis Howe