Hey all...recently been interested in hard drive companies and was thinking about JTS as a play somewhere in here. Regarding JEDOC,'s comment as to why Amber might be pushing down the stock.....an old and currently illegal but still engaged practice of bear raiding a company...pushing its stock down via short sales and long sales, and then just when it is so grim that noone wants it and wants to throw away their paper certificates of ownership, the bear raider covers the short and grabs major positions in the company. In now way am I suggesting this is what is happening, I am simply saying that this sort of things used to happen all the time and probably is still prevalent.
I had a few questions regarding JTS that I was hoping someone technically and financially oriented persons who have been following the stock more closely, could answer:
1. In the last earnings report, the company said they saw big drops in inventory channels following the writeoffs...to me, this is positive, any qualifications on this statement since then?
2. The company said they expected to see dramatic increase in OEM business? anything there?
3. Ingram Micro, good company, doesnt sleep with just anyone, how is that going?
4. A few weeks ago there was a release of 2 new drives with twice the speed at an affordable price....anyone know anything about this and the validity of the claims?
Well,, clearly this is no blue chip, maybe a cow chip, but we do have a company here trading at a steep discount to revenues. Now if they could just learn to make money.
Regards.
steve |
