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Technology Stocks : Disk Drive Sector Discussion Forum
WDC 243.29+0.6%Jan 22 3:59 PM EST

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To: Stitch who wrote (2134)1/7/1998 4:37:00 AM
From: Z Analyzer  Read Replies (1) of 9256
 
Stitch or Gus, Any idea what percentage of the investment by Maxtor in their China facility has already been made. Interestingly, if half had already been expended, with the drop in the won and given that most of the equipment is probably purchased in dollars, the remaining cost in won to complete the project would be the same as when the project began-at a time when capital should be increasingly difficult to obtain. Also, if they were to back out and sell the facility, assuming it is useful to others, this translates back into twice as many won. Any idea how far along Maxtor is with the project and whether there is any chance of the plug being pulled?
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