This is actually good new technology, or maybe better new use of existing technology. In either case it is a plus. Adaptec needs some newer products and this is one of them that will help the company cash flow. They need more to really grow again, but this does substantiate that they are not just sitting still as some bashers looking to improve their short profits might suggest.
I assume some insider type news might have slipped out and that overall sales continued to drop. With the reporting coming out soon, that could be the reason for the drastic drop over the last 2 days. None-the-less, this company, even if it lost a bunch of cash all of a sudden, still would have a cash value over current stock price. It is currently WAY WAY WAY WAY WAY oversold! (IMSAO that is!)
If you have it, I would hold for sure at these levels. If you don't then it should represent a good trading or longer term buy at these levels. Again IMSAO!