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Pastimes : Ask Mohan about the Market

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To: Cynic 2005 who wrote (12007)	12/20/1997 9:40:00 PM
From: Cynic 2005	Read Replies (2) of 18056

To all, there is something wrong out there: What's bugging high tech? From every corner of the industry--modems to microchips to database software--companies have stunned Wall Street in recent weeks with warnings of disappointing earnings. In most cases, companies have cited special circumstances--currency-hedging mishaps or production snafus--and assured investors that the high-tech engine behind so many capital gains is not slowing. But some industry veterans fear that a slowdown could be coming. ''There's just something wrong out there,'' says Stephen Luczo, president of Seagate Technology Inc., which in December said it would shutter one plant in Ireland and postpone expansion of another. ''My sense is that things are slowing down, but all our big customers are saying demand is great. Someone isn't telling the truth.'' businessweek.com Sometime ago a WDC lover and I had a little "chat" about disk-drive industry on the Micron thread. I was telling him that I like Seagate, the company, because they normally shoot things straight. He disagreed. Will Western Digital execs ever say some such things? A lot of interesting stories in the current issue. You may not like them all, but you may still want to read them. (Read them before the next issue arrives.) businessweek.com -Mohan

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