Adaptec Ends Fourth Quarter With Profit

Profit up from a year ago.

Adaptec Inc. reported its fourth quarter and end-of-the-year results last week.

In the quarter ending March 31, income was $24.9 million, or 22 cents per share, versus a loss of $3.7 million, or 3 cents per share, a year ago.

Income for the fiscal year was $62.9 million or 54 cents a share. The company had a net loss of $15.4 million or 14 cents a share a year earlier.

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