Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 175.99

-2.1%

3:59 PM EST

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To: Thomas DeGagne who wrote (8498)	7/26/2000 10:47:37 PM
From: Mark Madden	Read Replies (1) of 9256

<I'm seeking your help as an expert in the disk drive industry> I'm flattered by your statement but maybe one of the true experts will step forward with a more scientific explanation. IMHO Maxtor did not surprise but perhaps expectations were a little high. The March quarter had exceeded expectations. Revenue, units and earnings took a mild seasonal drop but Maxtor is in a good position to ride an upturn in the long term. A few recent articles noted a slowdown in PC sales in the U.S. due to component shortages. This is likely effecting technology stocks and particularly drive stocks that have most of their sales to PC makers. I consider component shortages as a short term problem that will be followed with latent demand. Regards, Mark

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