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For what it is worth, I own 32,600 shares of this stock and the $35,000.00 I have lost on it so far has ruined what was a great year. I honestly believe that there is something else substantial going on that is causing the delay in the earnings release. It can't be that they had a bad quarter -- they already told us that. There will be more to this earnings release than bad numbers. There must be some sort of news (negotiations) that is not ready to be released just yet. Let us all hope that whatever is holding up the release is worth the wait!
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Well, I've tried to ignore JTS. Alas, it appears that I just can't keep myself away from this puppy. No pun intended! :-0
Robert, I've been thinking the same thing. Something's afoot. Just wish I new what it was!
Conceding the fact that I may be looking at JTS through rose-colored glasses, I am lead to believe that the delay could actually be indicative of something good.
Consider the following:
--Pax Holding purchasing JTS shares for Amber Funds... (Who are these guys, anyway!?! I can't find any info on these entities nor have I seen any SEC Form 13-D filing for 5% (or more) ownership. Unless I'm mistaken, any position >=5% _must_ be reported within ten days of acquisition. Could JTS be offering 50 million shares for $ 25 million in financing? Anyone care to venture a guess?
NOTE: Some excerpts below were taken from the September 15, 1997 Information Week article found at: techweb.com
--"...an "intriguing design" from Hewlett-Packard and Mitsubishi that combines several new technologies in a machine less than half as thick as most notebooks... HP-Mitsubishi designing machine-built by Mitsubishi and sold by HP in Europe and the United States-incorporates several leading-edge technologies. They include an as-yet-unannounced extra-thin 1-Gbyte disk drive,...". (Hmm... an ultra-thin ...errr, I mean, extra-thin drive.)
--Is JTS awaiting an announcement from HP/Mitsubishi (or OEM agreement) to offset the pre-announced disappointing earnings?
--"Demand for portables is expected to grow faster than the overall PC market", says Frank Spindler, Intel's mobile marketing director.
--According to IDC: Mobile Segment Growth Rate @ 22% Compounded Annual Rate through 2001.
I guess we'll find out soon enough.
BTW, Robert, here's hoping that you are in the black with JTS next week.
Regards,
--Dennis |
