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Here is an example of one USB adapter:
http://www.synchrotech.com/product-usb/usb-serial_03.html
If you could provide a similar description for your device it would clear up some details. Maybe your device claims to do the extraordinary. Or, something may have gotten lost in the translation.
I may be totally wrong about your adapter but I think you are trying to grow oranges on a lemon tree. Let me explain, USB is not a network protocol. If you have a USB printer sitting in between two computers, you cannot plug the printer into a hub and have two CPUs talk to the one printer. USB allows one CPU to talk to many devices but, to the best of my knowledge, USB can only have one brain at a time telling it what to do.
Here is Wikipedia's quote:
"A USB hub is a device that expands a single USB port into several so that there are more ports available to connect devices to a host system."
Notice the language 'a host system.' One host, one CPU.
Contrast that to this site:
http://en.wikipedia.org/wiki/EthernetoverUSB
Ethernet is a network protocol. Networking is between two or more brains or CPUs. The fact that you can send Ethernet over USB devices is still ethernet, not USB (universal serial bus to serial port on another computer.) SCSI is yet another protocol. It also does not like to have two brains connected. Target disk mode is a system level feature, not an accessory feature.
RS232 is also a communication protocol for transferring information between two brains or CPUs. I remember driving to Redmond, Washington in 1988 or '89 to buy the very first RS232 file transfer cable from the headquarters of the software company that wrote LapLink Mac. It allowed the user to transfer files from a PC comm port to a Mac modem port, motherboard to motherboard. Call it a Vulcan mind meld, if you like. If your device will let USB talk to a serial port on another CPU, I would love to learn more about it.
I think your phrase "put the SCSI cable into the Performa's printer port and the USB side ...into the USB port" gives the wrong description of your device. More specific product information would be helpful. Thanks.
Jim
BTW, we have ethernet cards for Performas still in the shrink wrapped boxes. Should not be too hard to find.