JTS- "A Nordic Drive in Every PC and laptop" Message Board

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Microcap & Penny Stocks : JTS- "A Nordic Drive in Every PC and laptop"

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To: Trey McAtee who wrote (703)	4/28/1997 7:18:00 PM
From: osvaldo diaz-christians	of 1985

UPDATE...Spoke with Ms. Toni of investor relation today. Revenue for the 1st quarter will fall upto 10% short of Montgomery Securities latest revised number of $78 million. Expect JTS to record $70 to $75 million for this quarter. Montgomery Security has estimated revenues for the 2nd quarter of $121 million. JTS has not made an official projection on next quarter revenues besides to say that they will be profitable. They do, however, feel that they will be in the range of the $121 million. JTS is currently seeking additional financing. No update other than press release when financing is completed. On the 10 OEM's that are testing JTS' products. No update other than there will be a press release upon any new contracts. JTS is currently producting 50,000 drives per week. They expect to ship over 3,000,000 drives by year-end. Currently 5% of their production is 3.0 drives. They anticipate by year-end that they will produce 30%. JTS expects to break 500 million in revenue by year-end. I asked why the shortfall in revenue. She said that when Tom Mitchell originally projected sales, he was making the projections based on everything going smoothly. He was a little too optimistic. This is the reason he is not making second quarter estimates other than to say that JTS will be in the range of 121 million next quarter. JTS is currently shipping to Compaq regardless of what others say. I think we will see in what direction JTS is going after second quarter results. If they show profit, watch out, stock maybe back to $4 to $6 range. Third quarter is the make-it or break-it quarter. Good Luck All. Ozzy

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