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: tbevan who wrote (1611)	12/11/1997 8:43:00 AM
From: tbevan	Read Replies (1) of 1985

Looks like the disk drive industry's shedding blood, alright. Here's something from Jim Cramer's (thestreet.com) report from today. At least the other manufacturers are making money, though. * Quantum (QNTM:Nasdaq) warned that it expects to report third-quarter earnings of 25 cents to 35 cents per share, missing by far the 11-analyst consensus estimate of 60 cents versus the year-earlier 36 cents. The company cited aggressive pricing in the distribution channel for desktop hard drives. * Elsewhere in disk-drivery, Seagate (SEG:NYSE) said it will close a plant in Clonmel, Ireland, firing 1,400 people and taking an unspecified restructuring charge.

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