HMT TECHNOLOGY - UNDISCOVERED YET! Message Board

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Non-Tech : HMT TECHNOLOGY - UNDISCOVERED YET!

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To: Mark Adams who wrote (2198)	7/8/1999 10:27:00 PM
From: Mark Adams	Read Replies (2) of 2253

Uhgg... HMT TECHNOLOGY CORP said it expects to report a fiscal 1Q loss greater than its 4Q loss of $0.23 per diluted share due to weak market conditions for hard disks. "Unit shipments were lower than expected toward the end of the quarter due to our customers taking actions to reduce their build rates. The combination of weaker shipments and more aggressive market prices will depress our financial performance," Chairman Ronald Schauer said in a statement. In a statement, HMT said although it expects a net loss for the quarter, it also should be able to generate positive cash flow in the period. (Reuters 05:21 PM ET 07/08/99) Sure hope this is priced in. Cash flow positive is a good thing, but profitable would be better.... infobeat.com

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