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Steel Excel Inc. Message Board

  • alphansx alphansx Jun 9, 2006 8:12 PM Flag

    ADPT ROC = VTSS's Chip Joint Venture

    <EOM>

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    • Okay, I will bite...What is ROC? Republic of China? Money can be made there until China alters the deals or decides to make an operation that mirrors it with advantages that kill off the ADPT ROC operation. The IBM unit bought by LEVENO will be a China owned operation for the sale to billions of Chinese. IBM wanted to sell to them but knew China's government wouldn't allow them to make the money. Perfect cheap labor, government giving them number one position over all others in China, combined with American know how.

      Why would this one ADPT ROC operation make a boat load of money? Will they sell it to China? This would be a true transistion for Adaptec: Last 6 years or so Adaptec buys companies loses a boat load of money and sells to back to employees at huge loss.

      VTSS is up to their neck in "back dating" options lawsuit. Even without the lawsuit Vitesse was doing "so so" AT BEST. Comparing something to VTSS is not the way to SELL it as anything GOOD.

      So what do they have at ADPT ROC, a golden goose or magic beans or your pipe dream?

 
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