Adaptec News

CFO of Adaptec Inc. Mary Dotz sells 31,092 shares of ADPT on 11/16/2009 at an average price of $3.28 a share.

Beleaguered Adaptec has cancelled its November 10 annual general meeting and legacy board chairman Joe Kennedy has apparently resigned.

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Adaptec, Inc. today announced that its 2009 Annual Meeting of Stockholders originally scheduled to be held on Tuesday, November 10, 2009 at 1:00 p.m., Pacific Time , has been canceled as a result of certain developments relating to the Consent Solicitation commenced by Steel Partners II, L.P. About Adaptec Adaptec provides innovative data center ...

After a long-running proxy battle, activist shareholder Warren Lichtenstein said Monday his holding company had amassed enough support to remove chief executive Sundi Sundaresh from the board of data storage company Adaptec Inc.

Adaptec, Inc. , the global leader in I/O innovation, today responded to a news release issued Oct.

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Adaptec, Inc. , the global leader in I/O innovation, today reported that Glass, Lewis & Co.

Adaptec, Inc. , the global leader in I/O innovation, today issued the following letter to its stockholders: Dear Adaptec Stockholders, Adaptec is poised to take the decisive next steps toward building wealth for stockholders, thanks to the turnaround efforts the Board launched in 2005.

MILPITAS, Calif.-- --Adaptec, Inc. , the global leader in I/O innovation, today reported that Glass, Lewis & Co.

MILPITAS, Calif., Oct. 14 /PRNewswire-FirstCall/ -- Adaptec, Inc. today released the results of third-party performance benchmark testing of its new MaxIQ SSD Cache Performance Solution in Web server environments.

Adaptec, Inc. , the global leader in I/O innovation, today reported that Glass, Lewis & Co.

Steel Partners II, L.P. announced today that Glass Lewis & Co. has issued a proxy report in which it states that Steel Partners has "correctly identified a pattern of underperformance" at Adaptec, Inc.

So word has it the Obama administration is going to have the antitrust folks scrutinize high-technology companies for various anticompetitive actions.

Steel Partners II, L.P. announced today that it has issued the following open letter to stockholders of Adaptec, Inc.

Adaptec Inc , a beaten-down technology company fending off hedge fund Steel Partners, accused the fund of wanting to break up the company and use its cash balances to acquire a bank.

Adaptec's board is telling shareholders that investor Steel Partners is an abusive acquirer, that has reduced shareholder value and wants control of Adaptec for scary purposes.

Analysis Struggling Adaptec faces a boardroom battle, as an activist investor attempts to force a company sale.