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
peripheralFounded 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.
(1999-08-25)