Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 176.73

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10:21 AM EST

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To: Stitch who wrote (4297)	8/31/1998 10:29:00 PM
From: La Traguhs	Read Replies (1) of 9256

Stitch, Very well put...Maybe with a DOW of near 6300, this new breed of MMs, daytraders and momentum traders will finally realize the value of a company's fundamentals, not media/wallstreet hype and investment fads, to guide us back into the next bull market. IMO, the bull market we've had this past two years has been largely fueled by Internet or Internet related stocks and the promise they claim for a new world order of computer/business usage. They have little or no tangible asset value that you can hold (like a HDD) and trade at ridiculous P/E ratios. Hey, don't get me wrong - - I adore the Internet. We've just got carried away thinking the Internet was the road to utopia. The SJ Merc News had a reference to some interesting statistics today. ----- U.S. household computer penetration: 38%.----- Folks, that figure was reported at 36% last year. As Larry Sanders (Fujitsu) pointed out at the last IDEMA dinner meeting - - we've got market saturation going on here. As I said before, for the HDD industry that's a desktop market issue. The picture is different in the enterprise segment. I agree with Stitch. One of the best signs for a turnaround in the HDD industry will be "consolidation or attrition". It must happen, and soon. Regards, LT

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