INVX Innovex Comdex Winner !! Message Board

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Technology Stocks : INVX Innovex Comdex Winner !!

INVX 22.00

-1.6%

Dec 24 12:59 PM EST

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To: Ram Seetharaman who wrote (3014)	9/29/2000 1:56:09 PM
From: Douglas V. Fant	Read Replies (1) of 3029

Ram, Maybe these Chase H&Q comments about pricing and components in the PC drive industry are also having an impact upon INVX's stock price (positively).... * Maxtor Corporation (MXTR) $8.88 - $655MM mkt cap: While C3Q-00 Presents Challenges, C4Q-00 Looks Stronger: Upgrading to BUY with a $12 price target. CY00: UNCHANGED $2.7B/0.20 CY01: UNCHANGED $2.9B/0.35 We expect general softness in desktop demand, C2Q inventory builds, and lower pricing to create a challenging scenario for Maxtor to meet C3Q-00 revenue estimates. However, semiconductor suppliers to the drive industry have either underinvested in capacity, have yield issues, or are walking away from business to supply alternate industries. We now believe the near simultaneous 20GB/platter ramp will produce a run on the same components, including recording heads, creating a shortage throughout the industry. As a result, pricing should-at worst-stabilize and could-at best-increase, driving upside as PC demand rebounds in the strongest seasonal quarter. Additionally, we believe these shortages could accelerate the long-term industry trend towards consolidation as larger vendor's should be able to garner greater component supply.

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