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Technology Stocks : Maxtor Corporation (MXO)
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To: tech101 who wrote (22)12/4/2003 3:57:46 PM
From: tech101  Read Replies (1) of 28
 
My Hats Off to Mr. Tufano of Maxtor, Too

for trying to stop the two decades of losing track in the hard disk industry/business!!

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The Price Hike!!!
by: seniorniceg13690 (61/M/Deep South) 12/04/03 12:05 am
Msg: 99214 of 99242

My hats off to Mr Tufano for attempting to raise prices, sending the correct signal at a time of increasing demand for drives and a pickup in PC sales. The MXO price increase was joined by a couple of smaller players in the sector. Immediately, STX answered by not even holding their prices firm, but lowering prices on certain products. WDC promptly joined STX in lowering prices. Thus the DD sector which cannot seem to tolerate being prosperous for any length of time, is on the verge of another price war. I do not profess to be even close to being as intelligent as the top management of STX. But I am intelligent enough to know there will be no winners in a price war. Just losers.
senior

...

Re: The Price Hike!!!
by: seniorniceg13690 (61/M/Deep South) 12/04/03 12:42 am
Msg: 99216 of 99241

That's true about Dell as it is about Walmart. But I have never seen a winner in the disk drive sector engaging in price wars. That's one of the reasons the street has never had much respect for this sector. The street reacted today sharply down on MXO, WDC, and STX. This reaction was not just because one analyst lowered its price target on MXO to $14, but because of a lowering of prices on products. If it continues there will be further price declines on all disk drive stocks.
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