Adaptec Confident About Silicon Inventory Levels After Taiwan Earthquake.MILPITAS, Calif.--(BUSINESS WIRE)--Sept. 21, 1999-- Following Tuesday's earthquake in Taiwan, representatives from Adaptec (Nasdaq:ADPT ADPT Automated Data Processing/Telecommunications ADPT Adaptec Corporation (stock symbol) ADPT Adaptive Prediction ADPT Auger Depth Profiling Technique ADPT Automated Data Processing Telecommunications ADPT Adapter ) will travel to Hsinchu City to assess the production impact at Taiwan Semiconductor Manufacturing Company (TSMC TSMC Taiwan Semiconductor Manufacturing Company, Ltd TSMC Taiwan Semiconductor Manufacturing Corporation TSMC Traffic Systems Management Center TSMC Toll Station Management Controller TSMC Transportation Supply Maintenance Command TSMC Technical Services Manager Code ), Adaptec's primary wafer (1) A small, thin continuous-loop magnetic tape cartridge that has been used from time to time for data storage and specialized applications. (2) The base unit of chip making. It is a slice taken from a salami-like silicon crystal ingot up to 12" (300mm) in diameter. source. Preliminary reports confirm that TSMC did not suffer any structural damage. In the event that there is even a temporary disruption at TSMC in manufacturing, Adaptec believes it has adequate inventory for the foreseeable fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. future. Adaptec's second fiscal quarter will not be negatively impacted by any interruption INTERRUPTION. The effect of some act or circumstance which stops the course of a prescription or act of limitation's. 2. Interruption of the use of a thing is natural or civil. in wafer supplies from TSMC. The company will report its quarterly results on October 21 before the opening of the stock market. "The impact of the earthquake, if any, to delivering Adaptec product will be minimal," said Bob Stephens, chief executive officer and president of Adaptec, Inc. "We are extremely confident in the management of TSMC and believe they will be able to regain production as swiftly as possible. Our concern goes out to the victims and families affected by this catastrophe." Adaptec moves the world's information with host bus adapter See host adapter. , RAID, and software products that speed data to and from computers, peripherals, and networks. Founded in 1981 and with headquarters in Milpitas, Calif., Adaptec is a global design, manufacturing, sales, service and distribution company. More information on Adaptec and its products is available at http://www.adaptec.com. |
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