| Business Summary | | Adaptec
Inc.
provides
storage
access
solutions
that
reliably
move,
manage
and
protect
critical
data
and
digital
content.
The
Company's
storage
solutions
are
found
in
high-performance
networks,
servers,
workstations
and
desktops
from
the
leading
manufacturers,
and
are
sold
through
original
equipment
manufacturers
and
distribution
channels
to
Internet
service
providers,
large
enterprises,
medium
and
small
businesses
and
consumers.
The
Company
currently
operates
in
three
principal
segments:
Storage
Solutions
Group,
Desktop
Solutions
Group
and
Storage
Networking
Group. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Adaptec,
Inc.
provides
broad-markets
with
intelligent
and
accessible
storage
solutions
that
move,
manage
and
protect
critical
data
and
digital
content.
For
the
three
months
ended
6/30/01,
revenues
fell
28%
to
$110.7
million.
Net
loss
from
continuing
operations
totaled
$18.5
million
vs.
an
income
of
$19.9
million.
Revenues
reflect
the
lack
of
Intel
microprocessors
and
motherboards
in
the
distribution
channel.
Net
loss
reflects
an
$11
million
restructuring
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert Stephens, 54 Pres,
CEO, Director | $1.8M | $7.4M | David Young CFO,
VP | -- | -- | Robert Schultz, 42 COO | 566K | -- | Kenneth Arola, 43 VP,
Controller, CAO | -- | -- | Shirley Olerich VP
of HR | -- | -- | Dollar
amounts are as of 31-Mar-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|