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Meaning of ADAPTEC

 
Computing Dictionary
 
 Definition: 

A company specialising in the aera of movement of data between computers. Adaptec designs hardware and software products to transfer data from a computer to a peripheral device or network.

Founded in 1981, the company achieved profitability in 1984, went public in 1986, and to date has achieved 54 consecutive profitable quarters.

Revenues for fiscal 1997 were $934 million, a 42% increase over the prior year. Net income, excluding acquisition charges, for fiscal year 1997 was $198 million or $1.72 per share.

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