Skip to main content

Adaptec Up After Delaying Spinoff

  • Author:
  • Publish date:

Computer storage productmaker

Adaptec

(ADPT) - Get Free Report

was up 0.5% in early trading. The company said late Friday that it would postpone the IPO of its software business,

Roxio

, until at least the first quarter of 2001 due to unfavorable market conditions.