Z,
No, I interpreted it as from a shareholder (as he himself said in the post following yours). The stock has done nothing but go down, pretty much mirroring the performance of the company for the past few years. They were at one time the leader in the mid range tape market, and let it slip away, as one of their own top management people admittedly last year in an interview (not that he had any choice but to admit it). "We would have been a $1.5 billion company by now if we had executed properly," he said, or some such thing (I think that the interview is on one of posts from last summer if you want to check).
Certainly, you're correct in saying that "a lot of good stocks are languishing badly" in this narrow market. But for EXBT to go up, they will have to execute perfectly, AND hope for a stumble from DLT. My sense is that there are a lot more libraries out there for DLT than there are Mammouth, and more companies producing add-ons, making it generally speaking a better choice all other things being equal. This means that EXBT has to beat them on price. Which means, of course, that they could both be hurt as they battle it out. They both have cash to stay in the fray for awhile, but DLT has the inside position for now. It may come down to cost of production and staying power. JMHO.
s.
EDIT:
Here is the link to the article with the above quote:
Message 5473415
A pretty good article, if dated a little. Gives some nice historical perspective on the tape business and the Mammouth/DLT jousting. |
