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Adaptec, Inc. (ADPT) Wrap Up:

For your convenience, we have included, in Note 21 to the Notes to Consolidated Financial Statements, a Glossary that contains (1) a brief description of a few key acronyms commonly used in our industry that are used in this Annual Report and (2) a list of accounting rules and regulations that are also referred to herein. These acronyms and accounting rules and regulations are listed in alphabetical order. Overview We provide storage solutions that reliably move, manage and protect critical data and digital content. We deliver software and hardware components that provide reliable storage connectivity and advanced data protection to leading OEMs and through distribution channel partners. Our software and hardware products range from HBAs, RAID controllers, host RAID software, Adaptec RAID Code software, Advanced Data Protection software, Storage Management software, Snapshot software and other solutions that span the SCSI, SAS, SATA and iSCSI interface technologies.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f06%2f06%2f0000709804-07-000017.html#FIS_BUSINESS"   
www.adaptec.com
232 Employees
Founded in 1981

Adaptec Inc. (ADPT:NASDAQ)

LAST $3.19 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 19, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Adaptec Inc. (ADPT)

OPEN
--
PREVIOUS CLOSE
$3.19
DAY HIGH
--
DAY LOW
--
52 WEEK HIGH
12/23/08 - $3.71
52 WEEK LOW
03/3/09 - $2.20
MARKET CAP
384.3M
AVERAGE VOLUME 3 mo
768.8K
DILUTED EPS TTM
--
SHARES OUTSTANDING
120.5M
ADPT Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

ADPT Top Compensated Officers

Mr. Subramanian Sundaresh
Chief Executive Officer, President and Direct...
Age: 53
Total Annual Compensation: $450.0K
Ms. Mary L. Dotz
Chief Financial Officer, Vice President and C...
Age: 51
Total Annual Compensation: $315.0K
Mr. Marcus D. Lowe
Vice President of Business Development & Mark...
Age: 53
Total Annual Compensation: $260.0K
Mr. John Noellert Jr.
Vice President of Worldwide Sales
Total Annual Compensation: $217.0K

Executives, Board Directors

Compensation as of Fiscal Year 2009.

Key developments for Adaptec Inc. (ADPT)

Adaptec Inc. Announces Board Changes

Adaptec Inc. announced that Subramanian 'Sundi' Sundaresh and Robert J. Loarie are no longer part of the Board of Directors, effective October 30, 2009. In addition, the resignation of Joseph S. Kennedy, the former Chairman of the Board, also became effective immediately. At the special meeting held on Nov. 2, 2009, the Board, among other things, authorized the (i) repalcement of Mr. Kennedy as Chairman of the Board with Jack Howard, (ii) replacment of Douglas Van Houweling as Chairman of the Goverance and Nominating Committee with Jack Howard, (iii) replacement of Mr. Kennedy from the Governance and Nominating Committee with Lawrence Ruisi.

Joseph S. Kennedy to Resign from Adaptec Inc.'s Board of Directors

Adaptec Inc. announced that on November 2, 2009, Joseph S. Kennedy, the current Chairman of the Board of Directors, notified the Company of his intention to resign from company's Board of Directors, effective immediately.

Adaptec Releases Results of Performance Testing of its New MaxIQ((TM)) SSD Cache Performance Solution

Adaptec Inc. released the results of third-party performance testing of its new MaxIQ((TM)) SSD Cache Performance Solution in MySQL environments. AppLabs found that Adaptec MaxIQ (with MaxIQ SSD cache enabled) improved read and write throughput by eight times and increased transactions per second by 6.9 times when compared with a non-cached environment. Adaptec's MaxIQ SSD Cache Performance Solution integrates up to four tuned 32GB Intel® X25-E Extreme SATA SSDs, with Adaptec's MaxIQ SSD caching software and its Series 5Z, Series 5 or Series 2 Storage Controllers to provide I/O intensive data center and cloud computing customers with cost-effective scalability and increased performance without disrupting existing operations. It is the first solution for building and managing High-Performance Hybrid Arrays (HPHAs) storage arrays using both solid-state drives and hard disk drives which dramatically increase I/O performance, reduce capital and operating expenses by as much as 50%, and can deliver significant savings in power consumption over hard disk drive-only arrays. MaxIQ can be deployed using commercial off-the-shelf (COTS) hardware, requiring no modification of existing storage architectures, application software or operating systems for easy integration. AppLabs evaluated the performance of MaxIQ in its MySQL Testing Environment and found that read and write throughput increased eight times with MaxIQ SSD cache enabled. Transactions per second improved 6.9 times, going from 346 transactions per second with SSD cache disabled to 2,374 transactions per second with SSD cache enabled. A total of 1.6 million transactions were executed during each test run. These increases result in higher levels of performance, allowing data center managers to increase the number of users hosted per IT dollar, reduce the need for additional equipment acquisition and significantly cut data center energy costs.

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ADPT Competitors

Company Last Change
Applied Micro Circuits Corp $7.57 USD -0.28
Cirrus Logic Inc $5.24 USD -0.25
Pericom Semiconductor Corp $10.37 USD -0.39
SonicWALL Inc $8.06 USD -0.01
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation ADPT Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.1x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

ADPT

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