JTS- "A Nordic Drive in Every PC and laptop" Message Board

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Microcap & Penny Stocks : JTS- "A Nordic Drive in Every PC and laptop"

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To: ronco who wrote (1345)	9/23/1997 5:02:00 PM
From: dan grone	of 1985

Dave, Money is an immediate problem. Look at the balance sheet. In my opinion current buyers/holders of JTS are bottom feeders who are attracted to the low price per share " It cant get much lower " is their rallying cry, or the " Its too low to sell now " group who have a large loss and are hoping for a miracle. The wildcard is the recent substantial purchases by Amber Arbitrage who with a near 15% ownership appear to see an opportunity. The question is what are they seeing. In my opinion JTS has put the 3-inch drive idea in mothballs and is putting all effort into the 3.5-inch Champion with the hope of becoming a desktop OEM drive company that follows industry trends rather than leading with new formats. The OEM business has lower margins and requires substantial capital to capture a significant market share. JTS will need a lot more capital to be effective in this market segment. JTS has significant tax-loss carryforwards from Atari and has created almost as a large a loss carryforward in the last year, by my calculations the total exceeds $500 million, this might be attractive to a potential acquirer. Dan

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