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Technology Stocks : Read-Rite

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To: Sam who wrote (3714)7/17/1998 4:09:00 PM
From: Frodo Baxter  Read Replies (1) of 5058
 
>In every downturn that I've seen-- especially, I think, in semis and drives--people say that "this downturn is the worst" and "we won't see the same levels of profitability again".

But of course, this one IS the worst.

Nonsense.<

The incredible profitability that the semi and drive markets experienced were due to the velocity of growth in their respective industries. As capacity has come on line, the industries have matured and competition has heightened. I am starting to believe that those halcyon earnings levels will never return. I mean, why should they?
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