Well, perhaps so, but it would seem that if this were true, RDRT would jump up more than it has. Certainly, if, to use Z's example, Fujitsu were announce that they were exiting the desktop arena by next March, WDC, Maxtor and HDD would jump. Though perhaps next March is soooo long away, by today's investment standards. Some more accumulation must happen first or something. Wasn't it Yamaha that announced a major expansion in head production just about 6 or 8 months ago? Or was that TDK? I don't recall clearly.
Clarification will undoubtedly come. In the meantime, does anyone know who their major customers are? It would be nice IBM used this opportunity to expand their component business and de-emphasize their drive assembly business, especially of course the merchant part but even the captive part. Components could give them greater margins, and would create healthier customers for them. A win-win, I would think. If this WAG is anywhere close to correct, it would also explain why RDRT wouldn't jump on the news. This would also be good for HTCH, unless Yamaha is also a big Hutch user, since IBM, I think, is 100% Hutch (Z can correct me on that, if necessary, I'm sure). |
