|(company)||Adaptec - 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.