Adaptec is a computer hardware brand owned by PMC-Sierra that is used on some of its host adapters for connecting storage devices to computers. The production line of Adaptec is in Indonesia. Products are made to interface with SCSI, Serial ATA, and Serial attached SCSI. Some of its host adapters are used to perform SSD caching of hard drives. Adaptec is also used to brand battery modules to support its host bus adapters and storage interface cables.
Adaptec, Inc. was the name of a company based in Milpitas, California that produced these products until it sold substantially all of its business operations to PMC-Sierra on June 18, 2010, and is now a shell corporation known as ADPT Corporation. Historically, this company used to produce interface products involving USB, IEEE 1394, iSCSI, Fibre Channel, and video. This company also used to produce CD and DVD burning software like Easy CD Creator and Toast, and network-attached storage devices like the Snap Server product line.
ADPT Corp., formerly Adaptec, Inc., incorporated in 1981, is engaged in providing data center input/output (I/O) solutions. The products are used in information technology (IT) environments ranging from enterprise environments to on-demand cloud computing data centers. The products enable data center managers, channel partners and original equipment manufacturers (OEMs) to deploy storage solutions to meet their customers’ IT and business requirements. The software and hardware products include application specific integrated circuits (ASICs), host bus adapters (HBAs), redundant array of independent disk (RAID) controllers, Adaptec RAID software, storage management software, storage virtualization software and other solutions that span span small computer system interface (SCSI), serial attached SCSI (SAS), serial advanced technology attachment (SATA) and Internet SCSI (iSCSI) interface technologies, including both hard disk and solid state drives. In June 2010, PMC-Sierra, Inc. completed the acquisition of the channel storage business from the Company.
The Company offers a range of HBAs and RAID controllers for use with SATA, SAS and Parallel SCSI drives, including the Unified Serial cards, which can be used with both SATA and SAS drives, including Solid State Drives. The SATA and SAS technologies are offered in the Series 1, Series 2, Series 3, Series 5 and Series 5Z families. The host I/O products provide customers with PCI-X, PCIe, SCSI, SAS or SATA connectivity. The RSP products provide the customers with efficiencies in data protection. The Intelligent Power Management technology allows users to reduce their power consumption without impacting storage performance providing a green footprint to public and private cloud data centers.
The Company applies the RAID technology independent of the disk drive interface to provide data protection on SCSI, SATA and SAS disk drives. Adaptec Storage Manager is a single storage management utility, which enables customers and IT managers to manage storage across DAS environments, create storage solutions and protect data (RAID) from disk drive failure. It provides software development kits and command line interface tools to help simplify storage management and provide manufacturing tools to simplify the integration of the products into customer solutions.
The Company competes with Areca Technology Corporation, LSI, Marvell and PMC-Sierra.
This was a bad time for Adaptec. By 1997, the market for personal computers had slowed, and with it Adaptec's sales sank. A few years earlier, Adaptec's SCSI technology had found a place in approximately 12 percent of desktop computers. In 1997 that percentage was somewhere in the single digits. Premium chip maker Intel had incorporated technology similar to SCSI on its standard product, making Adaptec's device obsolete on Intel-powered machines. Profits slowed at Adaptec, and sales grew for fiscal 1998 only eight percent, far below the stellar rates of years earlier. The company's stock began to fall. In late 1997 it had been trading at more than $50. It bottomed out in 1998 at $8. In the summer of 1998, Adaptec's chief financial officer resigned, and shortly after, the treasurer left. When it was unable to carry through its acquisition of Symbios, the company was at a loss for a new direction, and this led to turmoil. Finally, in August 1998 Chairman and Chief Executive Grant Saviers quit. Apparently, his plan for the company was less conservative than the board wanted, and he left. The position was filled temporarily by Adaptec's founder, Laurence Boucher. Boucher had launched his third company by that time, but he came back to straighten things out at Adaptec. He announced that the company would shore up its core business, which was still the ailing SCSI. Almost immediately the firm announced layoffs in its storage systems division, and in November it sold its Peripheral Technology Solutions division to STMicroelectronics. This division made controllers for disk drives. Formerly, it had contributed as much as 25 percent of Adaptec's revenues, but that figure had fallen to about ten percent. The transaction brought Adaptec $73 million. Adaptec got out of its satellite networking business, its fibre channel business, its high-end peripheral technology business, and its external storage business. The company also cut back the amount of money it was spending on research and development.
By January 1999 the company was able to announce better than expected profits for the preceding quarter. Its quick action to cut costs and sever unprofitable product lines had shown results and demand rose again for some of its core hardware and software. Boucher continued to lead the company, while Adaptec found a new president in Robert Stephens, who had been chief operating officer since 1995.
Almost a year later, the company seemed to be returning to financial health. As the stock market continued to prosper, Adaptec's stock recovered somewhat. The company had promising new products in its so-called RAID (redundant arrays of independent disks) technology. This amalgam of hardware, software, and SCSI products was able to turn a group of disk drives into a powerful data storage unit. Adaptec also had turned itself into the leading supplier of software that let people record compact disks at home. As music from the Internet seemed to be a rapidly growing niche, the company was well positioned to take advantage of this growth. Though sales for fiscal 1999 were more than 30 percent lower than the year previous, there were signs that the company was doing better, particularly with strong fourth quarter sales and net income.
OVERALL
Beta: 0.04
Market Cap (Mil.): €312.35
Shares Outstanding (Mil.): 108.83
Annual Dividend: --
Yield (%): --
FINANCIALS
ADPT.F Industry Sector
P/E (TTM): -- 12.15 18.53
EPS (TTM): -5.33 -- --
ROI: -9.18 15.78 15.36
ROE: -9.48 17.60 16.82
Key Dates:
1981: Company founded by Laurence Boucher.
1986: Adaptec goes public.
1989: IBM adopts Adaptec's SCSI.
1995: Company gets new CEO Grant Saviers.
1997: Company's sales and stock plummet.
1999: New CEO Robert Stephens takes helm.
Name Age Since Current Position
Howard, Jack 49 2008 Chairman of the Board
Quicke, John 61 2010 Interim President, Chief Executive Officer, Director
Castor, Jon 58 2006 Director
Mutch, John 53 2007 Director
Ruisi, Lawrence 62 2008 Director
Lichtenstein, Warren 45 2010 Director
Address:
691 S. Milpitas Boulevard
Milpitas, California 95035
U.S.A.
Adaptec, Inc. was the name of a company based in Milpitas, California that produced these products until it sold substantially all of its business operations to PMC-Sierra on June 18, 2010, and is now a shell corporation known as ADPT Corporation. Historically, this company used to produce interface products involving USB, IEEE 1394, iSCSI, Fibre Channel, and video. This company also used to produce CD and DVD burning software like Easy CD Creator and Toast, and network-attached storage devices like the Snap Server product line.
ADPT Corp., formerly Adaptec, Inc., incorporated in 1981, is engaged in providing data center input/output (I/O) solutions. The products are used in information technology (IT) environments ranging from enterprise environments to on-demand cloud computing data centers. The products enable data center managers, channel partners and original equipment manufacturers (OEMs) to deploy storage solutions to meet their customers’ IT and business requirements. The software and hardware products include application specific integrated circuits (ASICs), host bus adapters (HBAs), redundant array of independent disk (RAID) controllers, Adaptec RAID software, storage management software, storage virtualization software and other solutions that span span small computer system interface (SCSI), serial attached SCSI (SAS), serial advanced technology attachment (SATA) and Internet SCSI (iSCSI) interface technologies, including both hard disk and solid state drives. In June 2010, PMC-Sierra, Inc. completed the acquisition of the channel storage business from the Company.
The Company offers a range of HBAs and RAID controllers for use with SATA, SAS and Parallel SCSI drives, including the Unified Serial cards, which can be used with both SATA and SAS drives, including Solid State Drives. The SATA and SAS technologies are offered in the Series 1, Series 2, Series 3, Series 5 and Series 5Z families. The host I/O products provide customers with PCI-X, PCIe, SCSI, SAS or SATA connectivity. The RSP products provide the customers with efficiencies in data protection. The Intelligent Power Management technology allows users to reduce their power consumption without impacting storage performance providing a green footprint to public and private cloud data centers.
The Company applies the RAID technology independent of the disk drive interface to provide data protection on SCSI, SATA and SAS disk drives. Adaptec Storage Manager is a single storage management utility, which enables customers and IT managers to manage storage across DAS environments, create storage solutions and protect data (RAID) from disk drive failure. It provides software development kits and command line interface tools to help simplify storage management and provide manufacturing tools to simplify the integration of the products into customer solutions.
The Company competes with Areca Technology Corporation, LSI, Marvell and PMC-Sierra.
This was a bad time for Adaptec. By 1997, the market for personal computers had slowed, and with it Adaptec's sales sank. A few years earlier, Adaptec's SCSI technology had found a place in approximately 12 percent of desktop computers. In 1997 that percentage was somewhere in the single digits. Premium chip maker Intel had incorporated technology similar to SCSI on its standard product, making Adaptec's device obsolete on Intel-powered machines. Profits slowed at Adaptec, and sales grew for fiscal 1998 only eight percent, far below the stellar rates of years earlier. The company's stock began to fall. In late 1997 it had been trading at more than $50. It bottomed out in 1998 at $8. In the summer of 1998, Adaptec's chief financial officer resigned, and shortly after, the treasurer left. When it was unable to carry through its acquisition of Symbios, the company was at a loss for a new direction, and this led to turmoil. Finally, in August 1998 Chairman and Chief Executive Grant Saviers quit. Apparently, his plan for the company was less conservative than the board wanted, and he left. The position was filled temporarily by Adaptec's founder, Laurence Boucher. Boucher had launched his third company by that time, but he came back to straighten things out at Adaptec. He announced that the company would shore up its core business, which was still the ailing SCSI. Almost immediately the firm announced layoffs in its storage systems division, and in November it sold its Peripheral Technology Solutions division to STMicroelectronics. This division made controllers for disk drives. Formerly, it had contributed as much as 25 percent of Adaptec's revenues, but that figure had fallen to about ten percent. The transaction brought Adaptec $73 million. Adaptec got out of its satellite networking business, its fibre channel business, its high-end peripheral technology business, and its external storage business. The company also cut back the amount of money it was spending on research and development.
By January 1999 the company was able to announce better than expected profits for the preceding quarter. Its quick action to cut costs and sever unprofitable product lines had shown results and demand rose again for some of its core hardware and software. Boucher continued to lead the company, while Adaptec found a new president in Robert Stephens, who had been chief operating officer since 1995.
Almost a year later, the company seemed to be returning to financial health. As the stock market continued to prosper, Adaptec's stock recovered somewhat. The company had promising new products in its so-called RAID (redundant arrays of independent disks) technology. This amalgam of hardware, software, and SCSI products was able to turn a group of disk drives into a powerful data storage unit. Adaptec also had turned itself into the leading supplier of software that let people record compact disks at home. As music from the Internet seemed to be a rapidly growing niche, the company was well positioned to take advantage of this growth. Though sales for fiscal 1999 were more than 30 percent lower than the year previous, there were signs that the company was doing better, particularly with strong fourth quarter sales and net income.
OVERALL
Beta: 0.04
Market Cap (Mil.): €312.35
Shares Outstanding (Mil.): 108.83
Annual Dividend: --
Yield (%): --
FINANCIALS
ADPT.F Industry Sector
P/E (TTM): -- 12.15 18.53
EPS (TTM): -5.33 -- --
ROI: -9.18 15.78 15.36
ROE: -9.48 17.60 16.82
Key Dates:
1981: Company founded by Laurence Boucher.
1986: Adaptec goes public.
1989: IBM adopts Adaptec's SCSI.
1995: Company gets new CEO Grant Saviers.
1997: Company's sales and stock plummet.
1999: New CEO Robert Stephens takes helm.
Name Age Since Current Position
Howard, Jack 49 2008 Chairman of the Board
Quicke, John 61 2010 Interim President, Chief Executive Officer, Director
Castor, Jon 58 2006 Director
Mutch, John 53 2007 Director
Ruisi, Lawrence 62 2008 Director
Lichtenstein, Warren 45 2010 Director
Address:
691 S. Milpitas Boulevard
Milpitas, California 95035
U.S.A.
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