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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 236.33

-2.9%

3:59 PM EST

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To: T Bowl who wrote (1868)	12/20/1997 6:59:00 PM
From: Frodo Baxter	Read Replies (2) of 9256

APM's 10K is a joke. The financials are old news; I had already calculated the cash flow from their press release long time ago. For them to release their 10K at this juncture and to barely mention their difficult forward financial situation, is inviting lawsuit. I'm still looking for a technical rebound in January before I pile it on. Options look interesting, but high implied volatility makes it a tricky bet. Mebbe in-the-money puts... RDRT's 10K is more interesting... "Though Read-Rite SMI will continue to seek qualification on Quantum/MKE's 2.5GB per 3.5-inch disk programs due for production in the third quarter of fiscal 1998, there can be no assurance that Read-Rite SMI will be successful in regaining market share at Quantum/MKE." RDRT's 3rd quarter is June. I have a feeling QNTM doesn't want RDRT as a partner because of RDRT's flirting heart. If their Japanese suppliers are just as good (read: cheap), why strengthen RDRT's hand? If I was QNTM's banker, I'd recommend spinning off DLT and buying WDC. If I was RDRT's banker, I'd recommend a takeover of both WDC and Maxtor, as I have both by the balls. If I was SEG's banker, I would get all their manufacturing off their books, similar to Coke/Coca-cola Enterprises.

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