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Technology Stocks : Maxtor (MXTR)

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To: xamir who wrote ()3/22/2000 9:17:00 AM
From: greedsgd_2000  Read Replies (1) of 467
 
MXTR COULD BE SET FOR A RUN - by the way, they do carry debt with LTD/Equity about 50% - as the earlier poster mentioned. I don't see this as a problem per se going forward as financials look good overall -with turnaround apparent.

KEY is the fact that MXTR sells at .52 times sales. They are now entering a high growth segment - Network Attached Storage. Companies like NTAP in this NAS business are getting massive amounts of fund flows - and in NTAP case it sells for 72 times sales.

Whether fund managers will tag the high growth NAS label on this remains to be seen, will depend on what MXTR does with these new products. Word is that value redemptions are running in the vicinity of 10 billion per month -and fund managers always looking for the next growth story.

If this happens, MXTR will take off.
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