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

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To: Naggrachi who wrote (1644)12/18/1997 11:03:00 AM
From: tbevan  Read Replies (1) of 1985
 
I'll be the last person to defend JTS management, BUT: I think the notion that "everyone's leaving" that's been circulating is overblown. There were cost-cutting layoffs, which is different. And re: the claim that all of the senior engineers are leaving (another line that's been circulating) is according to KT innacurate. She said that she knew of a sr. engineer who went over to (I think) Quantum, but that was a couple of months ago. The sr. engineers she knew of are still there.

I think it's also premature to be suggesting that the company will be out of business in 6 mos. The outlook ain't great, but they've got a chance of surviving. If you don't agree, sell your stock, and get what you can while you can.

They can still get up to 75 million from Amber, can they not? Anyone know how long that would carry them? How long do these prices wars typically last? I don't know.

There isn't much time for JTS to turn things around, but it ain't over yet.
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