Article: Adaptec Reports Second Quarter Results for Fiscal 2010.(Financial report)

Adaptec, Inc. (NASDAQ:ADPT), reported its results for the second quarter of fiscal 2010, which ended on October 2, 2009. Financial Highlights for Second Quarter of Fiscal 2010 Total net revenues of $18.4 million

GAAP gross margins of 44%; non-GAAP gross margins of 50%

GAAP net loss per share of $(0.03); non-GAAP net loss per share of $(0.01)

Positive operating cash flows from continuing operations of $4.9 million

Ended the quarter with $385.6 million in combined cash, cash equivalents and marketable securities Business Highlights for Second Quarter of Fiscal 2010 Unveiled strategic vision for the Company's Data Conditioning Platform, ...

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