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Technology Stocks : QUANTUM
QNTM 7.745-15.9%3:53 PM EST
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To: Z Analyzer who wrote (6768)12/16/1997 2:18:00 AM
From: Rob S.  Read Replies (1) of 9124
 
I came away thinking that DLT would be flat this quarter due to some inventory adjustments - as Quantum is better able to fill demand the channel doesn't feel as compeled to hold as much inventory. Also the end demand is a bit slower than expected. As I said a few weeks ago, Quantum indicated in their last quarterly call that sales were expectd to taper off from the previous 100% growth rate to around a 50% in '98. I think the current Asian situation and other factors has just accelerated that adjustment. My how quickly the bloom has gone off the rose (from previous glowing expectations).

I just finished listening to the Micron (MU) conference call. They came in with 4c v. estimates of 9c-10c. The S. Koreans are dumping DRAMs at just about whatever price they can get because the flow of low interest loans (free money) has dried up. Foolish people.

Let's hope that foolish U.S. and Japanese politicians don't throw good money after bad. After years of building capacity to build semis and HDDs to capture market share at lower than reasonable prices, the Koreans are blackmailing the U.S. & Japan to bail them and the stupid, greedy investment bankers out so that they can repeat the process.

Write your Congressmen and insist that the U.S. should let these fools go bankrupt or should require them to sell off their assets or ownership in their companies to other companies/countries. - they now have communistic limitations on foregn ownership.

Here is the number for the MU conference call 402-220-0103

And some comments I have about the Asian bail out: Message 2975472

(I know my comments are a bit extreme, but remember the other side has influential pupet investment bankers and foreign governments paying for lobyists and political junkets)
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