In this note, we propose a new adaptive estimator for the linear time-invariant plant x(p) = A(p)x(p) + B(p)u, whose parameters A(p) and B(p) are unknown. The proposed estimator is of the form x(p) = A(p)x(p) + B(p)u A(p) = - [ex(P)T] B(p) = - [eu(T)] and is (globally) uniformly asymptotically stable, provided that u is persistently exciting. In particular, there is no need to solve the Lyapunov equation A(P)(T)P + PA(p) = -Q < 0 for a positive definite matrix P. This result also implies that in many other adaptive situations it is not necessary to explicitly solve the Lyapunov equation.