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: JEDOC who wrote (1566)	11/21/1997 9:17:00 PM
From: Naggrachi	Read Replies (1) of 1985

<<I know the entire industry is taking it on the chin now, but I (and others) have lost round about 90% of their value with this dog, and narry an apology or even meager attempt by management to assure its shareholders.>> Jedoc, I feel your pain. The only thing That I can tell you is this. So long as Tom Mitchell is runing the company, chances are very good that JTS will be in bankruptcy soon. Tom Mitchell and his management crew are the most incompetent personnell on this universe. Sometimes I wonder how he got so lucky and landed a job in senior managment. Is it any wonder why he's an ex-Segate founder! From the beginning management botched the entire operation. Starting with too optemestic of a senerio (sp?) and ending with their prodcut line. If I recall correctly, JTS's nitche was supposed to be the 3-inch form factor, now with their Champion product line, all their doing is making disk drives that everyone else makes. And they are not the cheapest that everyone claims, either. The only thing that they can do consistently is double the number of shares every six months and increase the number of employees in their press release's. It's all in managment I tell you. Look at Kim Edwards and his performance. He transformed Iomega from literally nothing to close to a $2 billion company. Unless shareholders yank the current managment out don't expect anything more than bankruptcy proceedings. Do you get the feeling that shareholders are nothing more than obstacles in their way? As far as earnings are concerned, GET REAL!! Chances are, it'll be one month after the date that they have announced, remember last quarter. Zead

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