Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 160.11

+5.2%

3:59 PM EST

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To: Tom Simpson who wrote (9182)	12/10/2002 2:26:33 PM
From: Sam	Read Replies (2) of 9256

What you're missing is the perception that, after MXTR bought out HDD, MXO/HDD would lose share, likely to WDC. This perception has become reality. MXO also had some problems with its transition to 60 gig disks, now corrected. How much more share they will lose is anyone's guess. But WDC has been profitable for several quarters now, MXO has not. MXO's announcement yesterday affirmed that they too will now be profitable, at least on a pro forma basis. They still have some writeoffs left over from completing the merger. Will those be completed after the upcoming quarter? I haven't followed them closely enough lately to know, even though I still (!) have a little stock in them (I also had a little WDC, but sold it awhile ago). Not too coincidental that they have become profitable just in time for SEG (what is their new symbol? I forget) to go public. Should grease the sale a little. I think the pricing environment will remain favorable for awhile now, as SEG insiders have to wait 6 months for their lockup to expire before they can dump their stock for even more outrageous profits.

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